For Sale
$665,000

1022 Broadway StEl Centro, CA 92243

Prime El Centro location, 5.5% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,200 square foot traditional office building situated on a 0.17-acre lot in El Centro, California. The property, built in 1980 and zoned for commercial use, boasts a 100% occupancy rate with a strong, established tenant—Little Einstein's Montessori preschool—under a triple net (NNN) lease. The asking price is $665,000, representing a compelling $302.27 per square foot and a 5.50% capitalization rate based on a net operating income (NOI) of $36,575. Located at 1022 Broadway, this property benefits from high visibility and accessibility due to its position on a major thoroughfare within El Centro's business district. The current lease agreement likely minimizes landlord expenses through tenant responsibility for routine maintenance. This presents a low-maintenance, high-return investment with potential for future rent increases or redevelopment given the property's desirable location and the area's stable tenant demand. The property's APN is 053-023-012-000. This is an ideal investment for those seeking immediate returns and long-term growth potential in a thriving commercial area.

Highlights

  • Little Einstein's Montessori, a reputable preschool, provides stable, long-term occupancy.
  • High-visibility location on a major El Centro thoroughfare ensures strong foot traffic and accessibility.
  • Tenant responsible for most maintenance, minimizing owner expenses.
  • Excellent location offers potential for future rent increases or redevelopment.

Property Details for 1022 Broadway St

Property type
Office properties
Square Feet
2,200 SF
Year Built
1980
Lot Size (sq. ft)
7,405 SF

Location Insight

City
El Centro
County
Imperial
State
California
Latitude
32.7940393
Longitude
-115.5641363
1022 Broadway St, El Centro, California

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1022 Broadway St
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