Patios Plus Building
Retail-Commercial
for Sale
| Catylist Listing ID: |
30600945 |
| Property Subtypes: |
Free-Standing Building, Street Retail
|
| Building Size (RSF): |
6,720 SF
|
| Gross Land Area: |
0.18 Acres
|
| Sale Price: |
$1,975,000 |
| Unit Price: |
$293.90 PSF |
| Ceiling: |
18 ft. |
| Property Use Type: |
Net Leased Investment (NNN), Vacant/Owner-User |
| Usable Size (USF): |
6,720 SF |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Owner Financing |
| Cap Rate: |
7.18% |
| Last Updated: |
9/6/2020 |
Overview / Comments
|
Free standing building on Highway 111 directly across the street from the Super Walmart Shopping Center and just down the street from the Costco, Home Depot, Loews, and Super Target shopping Centers. Incredible Highway 111 presence as the building is only about 25 feet off Highway 111 with great signage exposure in the heart of the La Quinta shopping area. Lots of high glass store front windows facing Highway 111 and high glass store front windows facing onto the interior of the La Quinta Valley Plaza Shopping Center which this building is part of. High ceilings (18 Feet), recessed lighting, roll-up door, 254 parking spaces, and seven air conditioners. The building is located on the north side of Highway 111 between Adams Street and Dune Palms Road.
|
Current Tenants
| Tenant Business Name |
Shadow Rock Church |
| Is Renting? |
Yes |
| SF of Space Occupied |
6,720 SF |
| Current Rent |
$22 PSF (Annual) |
| Lease Expiration |
6/2020 |
| Tenant Notes |
Tenant is building their own space and may stay July and August 2020 but they will move with a 21 day notice to vacate. |
Additional Details
| Nearest MSA: |
Riverside-San Bernardino-Ontario |
| County: |
Riverside |
| Tax ID/APN: |
600-390-001 |
| Zoning: |
CR |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist |
| Property Located Between: |
Adams Street and Dune Palms Road |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Dune Palms road |
| Feet of Frontage: |
104 |
| Site Description: |
Free standing building with 104 feet of frontage on Highway 111 directly across the street from the Super Walmart Shopping Center and down the street from the Costco, Loews, and Home Depot Shopping Centers |
| Area Description: |
Main central shopping center with big box stores, restaurants, car dealerships and every other retail store for the Cities of La Quinta, Indian Wells, Indio and surrounding cities. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
2005 |
| Roof Type: |
Flat |
| Exterior Description: |
Stucco appearance with high glass windows facing Highway 111 and high glass windows facing the interior of the shopping center. |
| Total Parking Spaces: |
254 |
| Parking Type: |
Surface |
| Parking Description: |
This is a free standing building and part of a shopping center sharing 254 parking spaces. |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System, Package Unit |
| Internet Access: |
Cable |
| Part of Planned Development?: |
Yes |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee/owned |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,849 |
86,841 |
161,198 |
| Median Age: |
45.64 |
39.5 |
39.18 |
| Households: |
2,364 |
31,838 |
57,671 |
Sponsoring Organization
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