FOR SALE - 73816 DINAH SHORE DRIVE, PALM DESERT
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 |
| Zoning: |
S-I SERVICE INDUSTRIAL |
| 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 |
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 |
Sponsoring Organization
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