1225 Main St, El Centro, CA 92243-2878

This exceptional investment opportunity presents the Tyler Professional Building, a two-story, 7,640 square foot executive office building situated on a substantial 31,332 square foot lot in the heart of El Centro's financial district. Currently boasting 100% occupancy with three credit-rated tenants under an Absolute NNN lease, this property generates a strong net operating income (NOI) of $104,400, resulting in a compelling 5.97% cap rate. The asking price is $1,750,000, translating to $229.06 per square foot. Built in 1973, the building features 31 parking spaces, including 12 covered spaces. Recent upgrades include a new roof and HVAC system. The property's prime location offers exceptional visibility and proximity to key businesses and government offices, including the City of El Centro, Imperial Irrigation District, Imperial County Courthouse, Wells Fargo, Bank of America, and several other prominent institutions. While the building is currently fully occupied, approximately 4,500 square feet of additional space will become available for lease on November 1, 2024. This presents a unique opportunity to increase revenue streams further. The property is ideally suited for a 1031 exchange. The APN is 053-084-012.