Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30634027
Property Subtypes: Free-Standing, Industrial-Business Park
Status: Pending/Contingent
Building Size (RSF): 5,512 SF
Gross Building Area: See Agent
Sale Price: $995,000
Unit Price: $180.52 PSF
Ceiling: 18 ft. Clear
Docks/Doors: 1 Door
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/14/2021

Overview / Comments

This property is a 5,512 square foot concrete tilt up building that was built in 2007 an has been very well maintained. It is located in an outstanding upscale business park in the center of Palm Desert's most desirable location. It has easy freeway access to I-10 located just East of the Interstate 10 and Monterey Avenue interchange. This is a freestanding building that has a secured yard for outside storage.
The property has been occupied by an excellent tenant, Ram Development & Construction Company Inc. since 2012. Their current lease expires in September 2022.

Current Tenants

Tenant Business Name Ram Development & Construction Company Inc.
Is Renting? Yes
SF of Space Occupied 5,512 SF
Current Rent $5,192 PSF (Annual)
Lease Expiration 9/2022
Is Renting? Yes
Current Rent $5,192 PSF (Annual)
Lease Expiration 9/2020

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 694-080-013
Property Located Between: Monterey and Portola
Highway Access: Easy access to Interstate 10 at Monterey Avenue
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2007
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Parking Ratio: 2.8 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 15
Sprinklers: Wet
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,264 25,550 101,593
Median Age: 66.34 55.13 49.71
Households: 1,223 12,139 45,283


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