Log In/Sign Up
Your email has been sent.
1022 Broadway 2,200 SF Office Building El Centro, CA 92243 $749,000 ($340.45/SF) 6.01% Cap Rate
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Little Einsteins Montessori
- Health Care and Social Assistance
- -
- -
- Jul 2021
We offer a unique way to learn, through the authentic Montessori Method for early childhood education. At our schools, self-direction and self-discipline lead to self-discovery, as children become practical individuals and organized thinkers. Our method is sound. Our goal is simple: Helping your child prepare for the future.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Little Einsteins Montessori | Health Care and Social Assistance | - | - | Jul 2021 |
1 1
Walk Score®
Very Walkable (77)
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
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1022 Broadway
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.