1022 Broadway StEl Centro, CA 92243

Property Details for 1022 Broadway St

Year built

1980

Lot size

0.17 AC

Property size (Sq ft)

2,200 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

El Centro

County

Imperial

State

California

Latitude

32.794

Longitude

-115.564

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