23 Heffernan Ave

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23 Heffernan Ave

Calexico, CA 92231
Asking Price
$2.75M
Cap Rate
8%
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Available for sale at an asking price of 2,750,000 dollars.
  • Property features a cap rate of 8 percent for investors.
  • Building total spans approximately 22,748 square feet of space.
  • Situated on a site measuring 13,991 square feet in Calexico.
  • Traditional office asset suitable for a multi-unit investment strategy.

What's Special

This office asset located at 23 Heffernan Ave in Calexico, CA, is available for sale and presents a distinct value-add opportunity for an investor. Spanning approximately 22,748 square feet of building area on a 13,991 square foot lot, the property functions as a multi-unit traditional office space. Its position in Calexico places it within a vital logistics and commerce corridor near the United States-Mexico border, a region defined by its robust cross-border trade activities and continuous economic development. The building configuration suits an owner-user or an investor looking to stabilize a multi-tenant office environment in a market that relies heavily on logistical, administrative, and trade-related services. Prospective buyers will find potential in repositioning the interior units to meet the requirements of regional businesses seeking professional space in this growing municipality.

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NOI
$80,000
Cap Rate
2.91%
DSCR
0.49
Underwater
Cash-on-Cash
-10.09%
Monthly Payment
$13,605.5
Annual Cash Flow
$-83,265.995

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