1224-1236 W. State, El Centro, CA 92243 - 200020799 - iPro Real Estate
iPro Real Estate

iPro Real Estate

For Sale

$1,420,000

Free Professional CMA

Listing ID : 200020799

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.

Details

Type: Commercial Sale 
County: Imperial 
Tax ID: 053084010000
Gross Income Multiplier: 12.99 
Net Operating Income: $30,348 
Days on Market: 745 
Heating: Central Forced Air Gas 
Number of Units: 6 
Property Type: Commercial Additional 
Roof: Other 
Sub Type: Commercial-Off/Rtl/Ind 

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Interactive

32.791885 -115.566071 $1,420,000 200020799
1224-1236 W. State, El Centro, CA 92243
Directions to here from:

Area Information 92243

Population:

55,358 Up .04% since 2010
Average Income:
$76,630
Average Age:
33Years
Gender:
49.27%Male
50.73%Female
Households:
17,12543.09% with children
Average Value:
$311,087
Occupancy:
54.74%Owned
45.26%Rented
12.94%Vacant
Education:
20.08%High School
7.04%Associate
13.41%Bachelor
6.29%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
2.93Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Very Low
Wind Risk:
Very Low

History

Date Transaction Price Mortgage Amt & Lender
Date
May 08, 2020
Transaction
Active - Commercial Additional200020799
Price
$1,520,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Bernie Calderon with BC Real Estate Services