1950 4Th StEl Centro, CA 92243

Property Details for 1950 4Th St

Lot size

2.19 AC

Property type

Retail properties

Property subtype

Super regional malls

APN

053-564-095-000

APU

53564095000

Description

This 19,377 square foot shopping center in El Centro, CA, offers a compelling investment opportunity. Located on a 2.19-acre lot at 1950 S 4th St, it benefits from a prime location on a major thoroughfare connecting California and Mexico, near freeway 8. The property features a diverse mix of six tenants, anchored by Sherwin-Williams and McDonald's, with additional tenants including La Fonda Mexican restaurant and NAMI San Diego. The center boasts 87 parking spaces and underwent renovations in 2023. The current net lease generates an NOI of $401,544, representing an 8.03% cap rate. Leases commenced September 15, 1990, and expire September 30, 2028. A significant value-add opportunity exists with an adjacent 25,000 square foot vacant lot, presenting potential for future development. The property's asking price is $5,000,000, with a price per square foot of $258.04 and a land value price per square foot of $61.85. The property consists of nine units across one story. The APN is 053-564-095-000.

• CAP approach

  CAP return

  Valuation

  6%

  $38,541,456

  6.5%

  $35,576,732

  7%

  $33,035,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,171,204

  Geo Method

  $84,612,856

• Alternative Use

  Use

  Valuation

  Residential

  $30,010,302

  Hospitality

  $27,489,276

  Educational

  $22,870,756

  Medical

  $23,657,316

  Retail

  $35,576,732

Location Insight

City

El Centro

County

Imperial

State

California

Latitude

32.7768

Longitude

-115.553

CBSA code

20940

CBSA name

EL CENTRO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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