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23 3rd St

6,720 SF 80% Leased Office Building Calexico, CA 92231 $1,295,000 ($193/SF) 3.58% Cap Rate

Medical Offices California Calexico 23 3rd St, Calexico, CA 92231

Investment Highlights

  • Corner lot
  • Security fence
  • Gated Parking
  • Very well maintained property

Executive Summary

This property consist of 2 parcels (21,105 total sf) and 2 buildings (6,720 total sf). Leased with long term tenants. Located within steps of the US/Mexico International Border. Situated on Parcel 058-472-005 is 1920esf building, year built 1982. Situated on parcel 258-472-006 is 4,800esf building year built 2005. The property is completely fenced including the parking lot. Ownership has kept the buildings, landscaping and parking lot very well maintained. This property .is ideal for an owner user and investor

Financial Summary (Pro forma - 2021)

Annual Annual Per SF
Gross Rental Income $67,100 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $67,100 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $20,000 $2.98
Net Operating Income $47,100 $7.01

Financial Summary (Pro forma - 2021)

Gross Rental Income
Annual $67,100
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $67,100
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $20,000
Annual Per SF $2.98
Net Operating Income
Annual $47,100
Annual Per SF $7.01

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,720 SF
Building Class
B
Year Built
2005
Price
$1,295,000
Price Per SF
$193
Cap Rate
3.58%
NOI
$46,400
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,720 SF
Building FAR
0.32
Land Acres
0.48 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
27 Spaces (4.02 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 058-472-006-000
  • 058-472-005-000
 Improvements Assessment $465,800 (2023)
Land Assessment $436,200 (2023) Total Assessment $902,000 (2023)

PROPERTY TAXES

Parcel Numbers
Multiple
  • 058-472-006-000
  • 058-472-005-000
Land Assessment
$436,200 (2023)
Improvements Assessment
$465,800 (2023)
Total Assessment
$902,000 (2023)
(760) 352-7700

  • Listing ID: 24103397

  • Date on Market: 9/15/2021

  • Last Updated:

  • Address: 23 3rd St, Calexico, CA 92231

More public record information on 23 3rd St, Calexico, CA 92231

The Office Property at 23 3rd St, Calexico, CA 92231 is currently available For Sale. Contact SELF for more information.

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23 3rd St
(760) 352-7700 x

23 3rd St

Daniel Wilkinson

(760) 352-7700

(760) 352-7700

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