1225 W Main St
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1225 W Main St
8,700 SF 12% Leased Office Building El Centro, CA 92243 $1,750,000 ($201/SF) 5.96% Cap Rate
Investment Highlights
- Prime Location: Situated in the heart of El Centro's Financial District.
- Spacious Building: 6,640 SF+/- on a large 31,330 SF+/- lot.
- 100% Occupied: Fully tenant-occupied building with additional 1,000 SF of vacant office space upstairs.
- Significant Offering: First time available in multiple years.
- Ample Parking: 31 off-street parking spaces, including 12 covered.
- Recent Upgrades: Roof and HVAC systems recently updated.
Executive Summary
LOCATION !!!LOCATION!!! 1ST TIME OFFERED IN MULTIPLE YEARS ,THIS PROPERTY IS SITUATED IN THE HEART OF EL CENTRO'S FINANCIAL DISTRICT...CONSISTING OF A 6,640 EST SFT+/-. BUILDING ON A LARGE 31,330 ESFT+/- LOT... 31 OFF STREET PARKING SPACES (12 COVERED) ... 100% TENANT OCCUPIED BUILDING ... THERE IS AN ADDITIONAL 1,000SFT UPSTAIRS (VACANT )WITH OFFICES ...THE ROOF AND HVAC WERE RECENTLY UPDATED ...NEIGHBORING TENANTS INCLUDE THE CITY OF EL CENTRO MAIN OFFICE,IMPERIAL IRRIGATION MAIN OFFICE,IMPERIAL COUNTY COURTHOUSE AND ADMINSTRATIONN BUILDING,WELLS FARGO,BANK OF AMERICA,CVB,SUN COMMUNITY CU,MECHANICS BANK....Space Available for Lease (4,500sft will be available in November 1, 2024),Call for Details.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
8,700 SF
Building Class
C
Year Built
1975
Price
$1,750,000
Price Per SF
$201
Cap Rate
5.96%
NOI
$104,225
Percent Leased
12%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,700 SF
Building FAR
0.27
Land Acres
0.74 AC
Zoning
CC Civic Center - Professional Office ,Attorneys,Banks,Real Estate,Insurance
Parking
31 Spaces (3.56 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Natural Light
- Air Conditioning
1 of 1
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 053-084-012-000 | Improvements Assessment | $373,768 |
| Land Assessment | $424,893 | Total Assessment | $798,661 |
PROPERTY TAXES
Parcel Number
053-084-012-000
Land Assessment
$424,893
Improvements Assessment
$373,768
Total Assessment
$798,661
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1225 W Main St
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