1022 Broadway St El Centro, CA 92243
- Office Properties & Spaces
- 2,200 SF
- 0.17 lot acres
Current Use by Public Records
- Onsite Property Systems / Property Management Company
- Little Einstein's Montessori / School
Property Details for 1022 Broadway St
- Year built
- 1980
- Lot size
- 0.17 lot acres
- Property size
- 2,200 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 2,200 square foot traditional office building situated on a 0.17-acre lot in El Centro, California. The property, built in 1980 and zoned for commercial use, boasts a 100% occupancy rate with a strong, established tenant—Little Einstein's Montessori preschool—under a triple net (NNN) lease. The asking price is $665,000, representing a compelling $302.27 per square foot and a 5.50% capitalization rate based on a net operating income (NOI) of $36,575. Located at 1022 Broadway, this property benefits from high visibility and accessibility due to its position on a major thoroughfare within El Centro's business district. The current lease agreement likely minimizes landlord expenses through tenant responsibility for routine maintenance. This presents a low-maintenance, high-return investment with potential for future rent increases or redevelopment given the property's desirable location and the area's stable tenant demand. The property's APN is 053-023-012-000. This is an ideal investment for those seeking immediate returns and long-term growth potential in a thriving commercial area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Centro
- County
- Imperial
- State
- California
- Longitude
- -115.564
- Latitude
- 32.794
