Log In/Sign Up
Your email has been sent.
1283 E Main St
El Cajon, CA 92021
The Main Plaza · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Meticulously Maintained Asset – New roof & landscaping completed in 2023
- Below Market Rents with many short-term leases in place
- Separately Metered Electricity
EXECUTIVE SUMMARY
1283 E Main St presents a prime investment opportunity with a listed price of $4,750,000 ($252/SF). This ±18,800 SF multi-tenant office building, situated on a 32,670 SF (.75 acre) lot, features two floors and ±54 parking spaces. Built in 1974 and zoned C-G, the property benefits from recent capital improvements, including a new roof and upgraded landscaping completed in 2023.
Strategically located just minutes from I-8 and I-67 in a high-traffic area surrounded by national retailers, the building offers separately metered electricity and flexible unit sizes, allowing occupancy of up to 15,792 SF by the end of 2025 to qualify for SBA financing. Currently operating with below-market rents and multiple short-term leases, 1283 E Main St offers substantial upside potential for investors. Billboard rights are also included in the sale.
Strategically located just minutes from I-8 and I-67 in a high-traffic area surrounded by national retailers, the building offers separately metered electricity and flexible unit sizes, allowing occupancy of up to 15,792 SF by the end of 2025 to qualify for SBA financing. Currently operating with below-market rents and multiple short-term leases, 1283 E Main St offers substantial upside potential for investors. Billboard rights are also included in the sale.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
18,800 SF
Building Class
C
Year Built
1974
Price
$6,549,917 CAD
Price Per SF
$348.40 CAD
Cap Rate
4.72%
NOI
$309,092 CAD
Percent Leased
16%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,400 SF
Slab To Slab
8’
Building FAR
0.58
Lot Size
0.75 AC
Zoning
C-G
Parking
45 Spaces (2.39 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 489-210-23 | Improvements Assessment | $2,470,184 CAD |
| Land Assessment | $1,520,113 CAD | Total Assessment | $3,990,298 CAD |
PROPERTY TAXES
Parcel Number
489-210-23
Land Assessment
$1,520,113 CAD
Improvements Assessment
$2,470,184 CAD
Total Assessment
$3,990,298 CAD
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
