El Dorado Center 4 Retail Properties Offered at $11,630,000 in El Centro, CA
INVESTMENT HIGHLIGHTS
- Dominant Grocery & Fitness Shadow Anchored Shopping Center Investment
- Stabilized Investment with Value-Add Opportunity in Below Market Rents in Pads & Shop Spaces
- Excellent Location in the Heart of the Trade Area’s Main Commercial Corridor
- Surrounded by Over 1 Million SF of Retail Space and Big Box Retailers: Walmart, Costco, Target, Lowe's, Ross, Food 4 Less, and More
EXECUTIVE SUMMARY
The El Dorado Center is a multi-tenant shopping center investment opportunity located in El Centro, CA (Imperial County). The subject property is currently 100% leased to 12 tenants with over 68% of the GLA occupied by national retail chain tenants, including Harbor Freight Tools, Boot Barn, Sally Beauty Supply, and Ace Cash Express.
The El Dorado Center is part of a larger 210,726 SF center situated on 20 acres. The center is shadow anchored by a high performing Cardenas Market (Hispanic supermarket chain), as well as Planet Fitness and Ashley Furniture (not included). The high traffic generated from these daily-needs grocery & fitness retailers makes the center one of the dominant shopping centers in the trade area.
The property is also surrounded by over 1 Million square feet of retail space within a half mile, including many of the top big box national retailers: Walmart, Costco, Target, Lowe’s, Ross, PetSmart, Food 4 Less, and more.
El Centro is the county seat and the largest city in Imperial County with a population of 70,591 in a 5-mile radius and an average household income of $76,373. The center is well positioned in the heart of the City’s main retail corridor and along Highway 86, the main North/South arterial for the region.
The El Dorado Center is part of a larger 210,726 SF center situated on 20 acres. The center is shadow anchored by a high performing Cardenas Market (Hispanic supermarket chain), as well as Planet Fitness and Ashley Furniture (not included). The high traffic generated from these daily-needs grocery & fitness retailers makes the center one of the dominant shopping centers in the trade area.
The property is also surrounded by over 1 Million square feet of retail space within a half mile, including many of the top big box national retailers: Walmart, Costco, Target, Lowe’s, Ross, PetSmart, Food 4 Less, and more.
El Centro is the county seat and the largest city in Imperial County with a population of 70,591 in a 5-mile radius and an average household income of $76,373. The center is well positioned in the heart of the City’s main retail corridor and along Highway 86, the main North/South arterial for the region.
PROPERTY FACTS
| Price | $11,630,000 |
| Price / SF | $177.68 / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 65,454 SF |
| Total Land Area | 10.37 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1602 N Imperial Ave, El Centro, CA 92243 | Retail | 4,100 SF | 1986 | - |
| 1730-1802 N Imperial Ave, El Centro, CA 92243 | Retail | 50,754 SF | 1986 | - |
| 1790 Imperial Ave, El Centro, CA 92243 | Retail | 5,000 SF | 1986 | - |
| 1702 Imperial Ave, El Centro, CA 92243 | Retail | 5,600 SF | - | - |
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