Recently Remodeled Shell Space

Retail-Commercial for Lease
Catylist Listing ID: 30452991
Property Subtypes: Free-Standing Building
Contiguous Space: 5,131 SF
Building Size (RSF): 5,131 SF
Gross Land Area: 0.24 Acres
Lease Rate: $2.50 PSF (Monthly)
$30 PSF (Annual)
Base Monthly Rent: $12,827
Lease Types: Net Lease
Ceiling: 14 ft.
Building Name: 73-930 El Paseo
Usable Size (USF): 5,131 SF
Last Updated: 2/16/2020

Overview / Comments

This recently remodeled building is located on the north side of El Paseo between Portola Avenue and San Luis Rey. It has a grey stacked stone and glass front and back, new roof, new HVAC units, a new sprinkler system, new ADA handicapped ramp access and parking both in front and behind the building. Taller than adjacent buildings, it stands our visually on the street. The building is currently in a shell condition, so the configuration options are endless. The building is "grandfathered" so that post-1984 zoning restrictions on El Paseo do not apply to it. Thus, ground floor office uses are permitted in the building.

Expand All Available Space

Suite: 1 5,131 SF $2.50 PSF (Monthly) Net Lease
Level/Floor: 1
Space Available: 5,131 SF
Lease Rate: $2.50 PSF (Monthly)
$30 PSF (Annual)
$12,827 (Monthly)
Lease Type: Net Lease
Space Description: 5,131 s.f. building in shell condition. Remodeled in 2016 with new front and rear facades, new roof, new HVAC units, new side walls. Located just west of Portola Avenue, this suite can be built out for retail, office, or restaurant use. Street parking in front and large city-owned parking in the rear of the building. Offered alternatively for Sale or Lease.
NNN estimated at $0.60 PSF/MO
Space Subcategory: Free-Standing Store, Fashion/Specialty
Date Available: 7/1/2019
Lease Term: 60 Months
Space Type: New
Parking Spaces 50
Tax Expenses $22,884 PSF (Annual)
Operating Expenses $3,694 PSF (Annual)
CAM Expenses $15,393 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3% annual increases
Rent Concession Negotiable

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County
Tax ID/APN: 627-222-027
Zoning: C-1 S.P.
Retail Clientele: General, Business, Tourist
Property Located Between: Portola Avenue and San Luis Rey
Property Visibility: Excellent
Largest Nearby Street: Highway 111
Feet of Frontage: 50
Highway Access: Highway 111 is one block north of the building.
Airports: Palm Springs International, Jacqueline Cochran, Bermuda Dunes
Site Description: Mid-block building on El Paseo, the "Rodeo Drive of the Desert".
Area Description: Surrounding uses include specialty retail, service businesses, restaurants, upscale consignment stores and hair salons and spas.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,131 SF
Property Condition: Excellent
Year Built: 1990
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Gray stacked stone veneer and glass.
Total Parking Spaces: 50
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: Parallel parking on El Paseo. City parking lot located behind the building. No parking fees.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Open shell space with open ceiling to roof joists, concrete floor, drywalled side walls. See Pictures.
Zoning Description: C-1, S.P.
Lot Frontage: 50
Lot Depth: 209.5
Water Service: Municipal
Sewer Type: Municipal
Legal Description: APN 627-222-027

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,506 41,062 98,298
Median Age: 43.34 51.25 51.85
Households: 5,286 19,620 46,297

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