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23 3rd St 6,720 SF 80% Leased Office Building Calexico, CA 92231 $1,295,000 ($192.71/SF) 3.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner lot
- Security fence
- Gated Parking
- Very well maintained property
EXECUTIVE SUMMARY
This property consist of 2 parcels (21,105 total sf) and 2 buildings (6,720 total sf). Leased with long term tenants. Located within steps of the US/Mexico International Border. Situated on Parcel 058-472-005 is 1920esf building, year built 1982. Situated on parcel 258-472-006 is 4,800esf building year built 2005. The property is completely fenced including the parking lot. Ownership has kept the buildings, landscaping and parking lot very well maintained. This property .is ideal for an owner user and investor
FINANCIAL SUMMARY (PRO FORMA - 2021) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$67,100
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,100
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$20,000
|
$2.98
|
| Net Operating Income |
$47,100
|
$7.01
|
FINANCIAL SUMMARY (PRO FORMA - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $67,100 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,100 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $2.98 |
| Net Operating Income | |
|---|---|
| Annual | $47,100 |
| Annual Per SF | $7.01 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,720 SF
Building Class
B
Year Built
2005
Price
$1,295,000
Price Per SF
$192.71
Cap Rate
3.58%
NOI
$46,400
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,720 SF
Building FAR
0.32
Lot Size
0.48 AC
Opportunity Zone
Yes
Parking
27 Spaces (4.02 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $465,800 (2025) | |
| Land Assessment | $436,200 (2025) | Total Assessment | $902,000 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$436,200 (2025)
Improvements Assessment
$465,800 (2025)
Total Assessment
$902,000 (2025)
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23 3rd St
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