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.
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