EL PASO, Texas (March 16, 2015) – CBRE Capital Markets announces the sale of a 42,750-square-foot, three-story medical/oncology facility in El Paso, Texas. El Paso-based Verchel Medical Properties purchased the facility from PlainsCapital Bank for an undisclosed price.
The facility is located at 4532 North Mesa on the western side of El Paso, and is within six miles of 14 hospitals and ambulatory surgery centers. The vacant property comes furnished with fixtures and equipment.
It was constructed in 2009 on three acres of land and includes a covered patient drop-off area, a prominent retail-style pylon sign and available building signage. It was designed to accommodate high patient volumes—a plus for the area’s extensive military presence.
Scott Herbold, with CBRE Investment Properties | Healthcare, and William Caparis, SIOR, with CBRE’s El Paso office, represented the seller.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
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