El Paso: $4.7M takes 245,745-SF industrial portfolioEl Paso: $4.7M takes 245,745-SF industrial portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=14222015-03-25T14:04:00Z2015-03-25T11:30:00Z

EL PASO - CBRE has arranged the sale of a four-building, 245,745-sf industrial portfolio in El Paso, on behalf of New York-based Sullivan Crosby Trust. Phoenix-based ViaWest Group purchased the portfolio for $4.7 million.

The property is located on I-10 which connects to Phoenix and Los Angeles.

The buildings are 50 percent occupied, with short-term tenants bringing it to 75 percent occupancy.

According to CBRE Research, the central El Paso submarket is approximately 94.7 percent occupied as of fourth quarter 2014.

Texas Real Estate Business
El Paso
http://rebusinessonline.com/cbre-sells-four-building-industrial-portfolio-in-el-paso/Read more at {Source}

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