1225 Main StEl Centro, CA 92243

Property Details for 1225 Main St

Lot size

0.72 AC

Property type

Office properties

Property subtype

Office buildings

APN

053-084-012-000

APU

53084012000

Description

This exceptional investment opportunity presents the Tyler Professional Building, a two-story, 7,640 square foot executive office building situated on a substantial 31,332 square foot lot in the heart of El Centro's financial district. Currently boasting 100% occupancy with three credit-rated tenants under an Absolute NNN lease, this property generates a strong net operating income (NOI) of $104,400, resulting in a compelling 5.97% cap rate. The asking price is $1,750,000, translating to $229.06 per square foot. Built in 1973, the building features 31 parking spaces, including 12 covered spaces. Recent upgrades include a new roof and HVAC system. The property's prime location offers exceptional visibility and proximity to key businesses and government offices, including the City of El Centro, Imperial Irrigation District, Imperial County Courthouse, Wells Fargo, Bank of America, and several other prominent institutions. While the building is currently fully occupied, approximately 4,500 square feet of additional space will become available for lease on November 1, 2024. This presents a unique opportunity to increase revenue streams further. The property is ideally suited for a 1031 exchange. The APN is 053-084-012.

• CAP approach

  CAP return

  Valuation

  6%

  $8,611,026

  6.5%

  $7,948,639

  7%

  $7,380,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,496,162

  Geo Method

  $11,027,572

• Alternative Use

  Use

  Valuation

  Residential

  $9,856,313

  Hospitality

  $9,028,329

  Educational

  $7,511,464

  Medical

  $7,769,795

  Retail

  $11,684,500

Location Insight

City

El Centro

County

Imperial

State

California

Latitude

32.7925

Longitude

-115.566

CBSA code

20940

CBSA name

EL CENTRO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].