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El Dorado Center

4 Retail Properties Offered at £9,099,894 in El Centro, CA

Investment Highlights

  • Dominant Grocery & Fitness Shadow Anchored Shopping Center Investment
  • Stabilized Investment with Value-Add Opportunity in Below Market Rents in Pads & Shop Spaces
  • Excellent Location in the Heart of the Trade Area’s Main Commercial Corridor
  • Surrounded by Over 1 Million SF of Retail Space and Big Box Retailers: Walmart, Costco, Target, Lowe's, Ross, Food 4 Less, and More

Executive Summary

The El Dorado Center is a multi-tenant shopping center investment opportunity located in El Centro, CA (Imperial County). The subject property is currently 100% leased to 12 tenants with over 68% of the GLA occupied by national retail chain tenants, including Harbor Freight Tools, Boot Barn, Sally Beauty Supply, and Ace Cash Express.
The El Dorado Center is part of a larger 210,726 SF center situated on 20 acres. The center is shadow anchored by a high performing Cardenas Market (Hispanic supermarket chain), as well as Planet Fitness and Ashley Furniture (not included). The high traffic generated from these daily-needs grocery & fitness retailers makes the center one of the dominant shopping centers in the trade area.
The property is also surrounded by over 1 Million square feet of retail space within a half mile, including many of the top big box national retailers: Walmart, Costco, Target, Lowe’s, Ross, PetSmart, Food 4 Less, and more.
El Centro is the county seat and the largest city in Imperial County with a population of 70,591 in a 5-mile radius and an average household income of $76,373. The center is well positioned in the heart of the City’s main retail corridor and along Highway 86, the main North/South arterial for the region.

Property Facts

Price £9,099,894
Price / SF £139.03 / SF
Net Initial Yield 7%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 65,454 SF
Total Land Area 10.37 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1730-1802 N Imperial Ave, El Centro, CA 92243 Retail 50,754 SF 1986 -
1602 N Imperial Ave, El Centro, CA 92243 Retail 4,100 SF 1986 -
1702 Imperial Ave, El Centro, CA 92243 Retail 5,600 SF - -
1790 Imperial Ave, El Centro, CA 92243 Retail 5,000 SF 1986 -
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  • Listing ID: 31054641

  • Date on Market: 26/02/2024

  • Last Updated:

  • Address: El Dorado Center, El Centro, CA

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