Valley Plaza Retail/Office Building

The Subject property is currently 90% leased to 12 tenants and is comprised of two parts: retail shops on the east side comprising 55.9% of the GLA, and offices on the west side comprising 44.1% of the GLA. Half of the tenants, representing just over 50% of the GLA, have occupied the building for over 10+years. With the retail rents averaging $1.43/SF/month, there is potential upside in the future to increase rents to market rates as leases come up. Additionally, there is immediate upside in leasing out the last remaining 2,070 SF office vacancy.
The Property is part of the Valley Plaza, a 300,000+ SF community center situated on 25+ acres with a synergistic mix of retail and office uses. Other tenants in the center include: Grocery Outlet, Rite Aid, Starbucks, 4:13 Fitness (opening Q1-2025), Skechers, Imperial Irrigation District, and many other restaurants, retailers, and office users.
The center is very well located in the center of Imperial County and surrounded by local government offices, single-family residential, apartments, and schools. The property is also located along Imperial Avenue, the main commercial arterial in the County with a wide variety of retail and restaurant uses.