For Sale
11331 James Watt Dr — 8% Cap Office Investment
11331 James Watt Dr, Suite F100, El Paso, TX · Office Condo
Leased office condo at an 8% cap. The same tenant since 2018, signed through 2028.
More information
A true passive-income investment. This 4,800 SF office condo is a sale-leaseback: the owners are selling, and their own company stays on as the tenant. Change Home Mortgage has occupied the space since 2018 and has extended its lease through December 2028.
You get a proven tenant, a clear lease term and an 8% return on day one.
Highlights
- 8.0% cap rate on actual 2025 income
- Tenant in place since December 2018
- Lease extended through December 31, 2028
- The sellers are the tenant's owners, so they're committed to the space
Buyer to verify all figures.