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1022 Broadway
El Centro, CA 92243
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent Central Location: Situated in the heart of El Centro, the county seat of Imperial County.
- Reliable Tenant: Occupied by Little Einstein’s Montessori Preschool since 2016.
- Growing Population: El Centro has experienced a 25% population growth over the past decade, supporting long-term demand.
- Government & Civic Center Proximity: Surrounded by city and county offices (City Hall, Superior Court, DMV, Police Department), and near key services
- Consistent Income Growth: Built-in 4% annual rent increases offer strong protection against inflation.
EXECUTIVE SUMMARY
Excellent Central Location: Situated in the heart of El Centro, the county seat of Imperial County.
Government & Civic Center Proximity: Surrounded by city and county offices (City Hall, Superior Court, DMV, Police Department), and near key services like banks, law offices, and escrow companies.
Reliable Tenant: Occupied by Little Einstein’s Montessori Preschool since 2016.
Lease expires on December 2029
Future use, Possible Medical office, Buyer to verify all Facts.
Consistent Income Growth: Built-in 4% annual rent increases offer strong protection against inflation.
Growing Population: El Centro has experienced a 25% population growth over the past decade, supporting long-term demand.
Government & Civic Center Proximity: Surrounded by city and county offices (City Hall, Superior Court, DMV, Police Department), and near key services like banks, law offices, and escrow companies.
Reliable Tenant: Occupied by Little Einstein’s Montessori Preschool since 2016.
Lease expires on December 2029
Future use, Possible Medical office, Buyer to verify all Facts.
Consistent Income Growth: Built-in 4% annual rent increases offer strong protection against inflation.
Growing Population: El Centro has experienced a 25% population growth over the past decade, supporting long-term demand.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,200 SF
Building Class
B
Year Built
1980
Price
$749,000
Price Per SF
$340.45
Cap Rate
6.01%
NOI
$45,024
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,200 SF
Building FAR
0.30
Lot Size
0.17 AC
Zoning
commercial
Parking
4 Spaces (1.82 Spaces per 1,000 SF Leased)
AMENITIES
- Convenience Store
- Day Care
- Restaurant
PROPERTY TAXES
| Parcel Number | 053-023-012-000 | Improvements Assessment | $262,909 |
| Land Assessment | $77,561 | Total Assessment | $340,470 |
PROPERTY TAXES
Parcel Number
053-023-012-000
Land Assessment
$77,561
Improvements Assessment
$262,909
Total Assessment
$340,470
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