$1,050,000
$1,300,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/09/2021
Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 200020799
Sold Date 04/09/21
HOA Y/N No
Property 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.
Location
State CA
County Imperial
Area 699 - Not Defined
Interior
Heating Central, Forced Air, Natural Gas
Cooling Central Air, Gas
Fireplace No
Exterior
Roof Type See Remarks
Others
Tax ID 053084010000
Acceptable Financing Cash
Listing Terms Cash
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Bought with Bernie Calderon • BC Real Estate Services
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "