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    1224-1236 W State

    El Centro, CA 92243
    • $1,300,000
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: 200020799
    $1,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Great opportunity for only a few investors with vision. This property contains two parcels and is centrally located in El Centro surrounded by the business hub in this growing city. Partnership was not aggressive in the management of their office rentals which are rented below current market value of Apx average of $0.71 per sq ft. Potential for NOI growth. Will the business rental market bear $1.00 per sq ft? What about $1.50 per sq ft? If the improvements aren't exactly what your looking for what about the property location? Site foot print is 27,460 sq ft. Partnership will review all offers and is prepared to negotiate in good faith and provide property documentation as needed.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T00:26:22.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/110692825
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    1224-1236 W State El Centro, CA 92243

    • Price: $1,300,000
    • Status: Active
    • ID#: 200020799
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    699 - Not Defined
    County:
    Imperial
    Area:
    699 - Not Defined
    Property Description
    Great opportunity for only a few investors with vision. This property contains two parcels and is centrally located in El Centro surrounded by the business hub in this growing city. Partnership was not aggressive in the management of their office rentals which are rented below current market value of Apx average of $0.71 per sq ft. Potential for NOI growth. Will the business rental market bear $1.00 per sq ft? What about $1.50 per sq ft? If the improvements aren't exactly what your looking for what about the property location? Site foot print is 27,460 sq ft. Partnership will review all offers and is prepared to negotiate in good faith and provide property documentation as needed.
    Exterior Features

    Roof See Remarks

    Interior Features

    Cooling Central AirGas Cooling YN Yes Heating CentralForced AirNatural Gas Heating YN Yes

    Property Features

    Country Us Gross Scheduled Income 107748.00 Inclusions Building Net Operating Income 30348.00 Operating Expense 77400.00 Property Sub Type Industrial

    Listing provided courtesy of Bernie Calderon of Bc Real Estate Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T00:26:22.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

     
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    Hart Coastal Group
    57 Via Zaragoza
    San Clemente CA, 92672