La Sombras Village

Shopping Center for Sale
Catylist Listing ID: 30489392
Property Subtypes: Neighborhood Center
Building Size (RSF): 18,051 SF
Gross Building Area: See Agent
Sale Price: $5,105,000
Unit Price: $282.81 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Las Sombras Village
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/3/2019

Overview / Comments

NAI Capital is pleased to present for sale the Las Sombras Village, a value-add retail opportunity in the highly sought after city of Palm Desert, California. The property includes 18,051 square feet of existing buildings that are currently leased to a variety of service and restaurant-related tenants. The property offers a savvy investor the opportunity to redevelop or re-tenant the vacancies to generate a high cash flow investment. The buildings are situated on a 2.57 Acre parcel on Highway
111 that includes over 314 feet of frontage on the main highway.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 640-020-006
Zoning: NEIGHBORHOOD / COMMERCIAL
Site Description: • Affluent Area with Average Household Income of Over $102,000 Within the Trade Area • Highly Visible Location with Over 81,000 Combined Average Traffic Counts • Adjacent to High Volume Olive Garden and Red Lobster Restaurants Which Have Ranked in the Upper Echelon of National Darden Stores • Upside Through Leasing Out Current Small Vacancies • Tenants in the Center Have Been in the Property for Many Years with the International School of Beauty Recently Expanding and Committing to a Longer Term Lease Showing Commitment to the Site
Year Built: 1986
Total Parking Spaces: 80

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,946 39,308 76,901
Median Age: 45.1 52.64 54.53
Households: 3,563 19,146 37,967

Contact

Photograph of Listing Agent

Pablo Rodriguez

NAI Capital, Inc.
DACIE Member

Sponsoring Organization

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