El Centro, CA 92243,Address not disclosed
El Centro, CA 92243,Address not disclosed
El Centro, CA 92243,Address not disclosed
El Centro, CA 92243,Address not disclosed
El Centro, CA 92243,Address not disclosed
El Centro, CA 92243,Address not disclosed
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$1,050,000

$1,300,000

19.2%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 04/09/2021

Key Details

Sold Price $1,050,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 200020799

Sold Date 04/09/21

HOA Y/N No

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.

Location

State CA

County Imperial

Area 699 - Not Defined

Interior

Heating Central, Forced Air, Natural Gas

Cooling Central Air, Gas

Fireplace No

Exterior

Roof Type See Remarks

Others

Tax ID 053084010000

Acceptable Financing Cash

Listing Terms Cash

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California Regional MLS (CRMLS)
Listed by Bernie Calderon • BC Real Estate Services
Bought with Bernie Calderon • BC Real Estate Services
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6 Jenner, Unit # 250, Irvine, CA, 92618

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