Office Property on Two
1224 W State St El Centro, CA 92243
1224 W State St, El Centro, CA, 92243
Contact for pricing
For Sale
Contact for pricing
Pending
Office property comprising two parcels, centrally located in El Centro, with existing office rentals below current market levels.
Property Size27,400 SF
Days on Market102
Property Features for 1224 W State St
General Information
- Standard status
- Pending
- Size
- 27,400 SF
- Property subtype
- Office
Listing agency
BC Real Estate Services
(619) 466-4027
Listed by
Bernie Calderon · License #00677373
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 8:17PM Checked: Jul 20 at 8:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BC Real Estate Services
Investment Insights
Based on property information with market context.
This office property consists of two parcels and includes an existing setup for office rentals. The seller notes that management has not been aggressive, and that the current rents are below current market levels, averaging approximately $0.73 per square foot. The site footprint is listed at 27,400 square feet, and the owner will review all offers and is prepared to negotiate in good faith while providing property documentation as needed.
The property is described as centrally located in El Centro, surrounded by the business hub of the growing city. The remarks also frame an open question around what the business rental market may support on a higher rent level.
Prospective buyers can evaluate the existing improvements and consider the combination of the two-parcel site and the current rental positioning when assessing fit and future business terms.
The property is described as centrally located in El Centro, surrounded by the business hub of the growing city. The remarks also frame an open question around what the business rental market may support on a higher rent level.
Prospective buyers can evaluate the existing improvements and consider the combination of the two-parcel site and the current rental positioning when assessing fit and future business terms.
Key Highlights
- Office property comprising two parcels in El Centro, centrally located within the business hub.
- Existing office rentals are below current market value, averaging about $0.73 per sq. ft.
- Potential for NOI growth tied to bringing rents closer to market levels.
Property Analytics
Location Intelligence
Current Use by Public Records
Northwestern Mutual
Financial Advisor
Law Office of Mariela ...
Law Firm
James D Moore ...
Law Firm
AR Portable Toilets
Building Supply
Roka Insurance Brokers ...
Insurance Agency
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FAQs
What type of property is this?
Office units - Office property comprising two parcels, centrally located in El Centro, with existing office rentals below current market levels.
Where is this office units located?
The property is located at 1224 W State St El Centro, CA.
What are key features of this property?
This property features: Office property comprising two parcels in El Centro, centrally located within the business hub.; Existing office rentals are below current market value, averaging about $0.73 per sq. ft.; Potential for NOI growth tied to bringing rents closer to market levels.
