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1950 S 4th Street - Mission Center, El Centro, CA

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DetailMap
1950 S 4th Street - Mission Center

El Centro, CA 92243-4723


Property Type:Retail Sub Type:- Status:Existing Year Built:1990
Building Size:19,347 SF Land Area:2.19 AC (95,396 SF)
Smallest Space:2,550 SF Largest Space:2,550 SF Total Space Avail:2,550 SF Rent/SF/Yr:
$16.20
Parking:55 Surface spaces are available; Ratio of 2.84/1,000 SF
Features:Pylon Sign, Signalized Intersection


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,550 SF
$16.20/SF/Yr
Vacant
3 yrs
Retail
 
10643038
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,550 SF
$16.20/SF/Yr
Vacant
3 yrs
Retail

Sale Notes:
Well Maintained Shopping Center
" The current owner is also the original developer of Mission Center and has taken great pride over the years to keep the property in excellent condition. The landlord has spent over $400,000 in the last 3 years improving the property.
" Recent improvements include repairs to the roof, he has replaced the entire parking lot with concrete, he has replaced most of the HVAC units within the last 3 years and painted the exterior of the property. There is not much, if any, capital improvements or deferred maintenance to the future owner.
Excess Land For Future Development
" The offering includes approximately ½ acre of land that is immediately available for development increasing potential income and overall return. A subsequent owner has the ability to develop separately or redevelop the entire shopping center.
" Pursuant to the zoning regulation, the subject property is zoned CG which allows for a 50% lot coverage or an additional 28,000 sf (assuming parking requirements are also met)

Upside Opportunity
" An investor has the opportunity to immediately realize potential upside upon leasing the one remaining vacancy of the center.


Texas General Corp
Vickie Hall



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