For Sale
$799,000

1045 1St StEl Centro, CA 92243

High-yield industrial warehouse, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 20,000-square-foot industrial warehouse located at 1045 S 1st St, El Centro, CA 92243. The property boasts a 7.96% cap rate and a strong net lease with a remaining term of approximately 2.4 years (expiring March 31, 2027). The single-tenant, 100% occupied warehouse features three dock-high doors, three truck wells, and a 16-foot ceiling height with ample natural light from skylights. Additional features include a small office and storage area, a fenced yard, and sits on a 1.12-acre lot (APN: 053-312-038-000). The lease commenced April 1, 2021, and includes rent bumps. The asking price is $799,000, translating to $39.95 per square foot. This is a NNN (Net, Net, Net) lease with no tenant credit rating available. The property's strong occupancy and favorable lease terms make it an attractive investment for those seeking a stable, high-return asset in Imperial County, California. The building is a single-story structure. No lease options are available.

Highlights

  • 20,000 SF industrial warehouse in El Centro, CA on a 1.12-acre lot.
  • 7.96% cap rate with a $799,000 asking price ($39.95/SF).
  • NNN lease with approximately 2.4 years remaining (expiring March 31, 2027), including rent bumps.
  • Single-tenant, 100% occupied; features three dock-high doors, three truck wells, and 16' ceilings.
  • Includes small office/storage, fenced yard.

Property Details for 1045 1St St

Property type
Warehouses, Industrial properties
Square Feet
20,000 SF
Stories
1
Lot Size (sq. ft)
48,787 SF

Location Insight

City
El Centro
County
Imperial
State
California
Latitude
32.7838847
Longitude
-115.5436496
1045 1St St, El Centro, California

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1045 1St St
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