COMMERCE STREET NET LEASE & END USER OPPORTUNITY

Industrial for Sale
Catylist Listing ID: 29675544
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Building Size (RSF): 18,354 SF
Gross Building Area: See Agent
Gross Land Area: 1.38 SF
Sale Price: $2,350,000
Unit Price: $128.04 PSF
Ceiling: 18 ft. Clear
Docks/Doors: 1 Door
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/31/2021

Overview / Comments

This "for sale" offering includes two (2) industrial buildings:
+45900 Commerce Street- 10,400/sf which is a fully leased multi-tenant building with 16' Ceiling Height. Tenants are MTM but willing to sign longer term lease agreements.
+45920 Commerce Street- 7,954/sf which is a fully leased building with 18' Ceiling Height. Tenant just signed a 5-year guaranteed lease.
The buildings were built in 2007 and features ample parking (2.5/1000), security systems, nice office build out along with substantial on-street supplemental parking.

FINANCIAL PERFORMANCE - 2020

1. Gross Income from Rent - $161,640.
2. 2020 OPEX – ($47,315).
3. NOI - $114,325.

1-ACRE YARD IS AVAILABLE FOR PURCHASE OR LEASE, TOO.

The buildings can be sold together or separately.

The property is located near Golf Center Drive and Interstate 10 which provides for quick easy access to all major highways and thoroughfares throughout the Coachella Valley.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 611-410-021
Zoning: INDUSTRIAL
Market Type: Medium
Property Located Between: ON COMMERCE STREET JUST OFF GOLF CENTER DRIVE AND
Side of Street: Northeast
Road Type: Paved
Highway Access: WITHIN MINUTES OF THE INTERCHANGE OF GOLF CENTER DRIVE AND INTERSTATE 10, INDIO, CA
Airports: 30 MINUTES
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 2007
Roof Type: Flat
Exterior Description: NICELY LANDSCAPED
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 36
Air Conditioning: Evaporative Cooler, Package Unit
Lighting: Fluorescent
Zoning Description: INDUSTRIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,456 84,114 138,520
Median Age: 25.81 29.38 32.28
Households: 2,821 22,741 40,390

Contact

Photograph of Listing Agent

Lynn F. Coker

NAI Capital DACIE Member

Sponsoring Organization

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