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.
