Catylist ID: #29675544
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|
|Unit Price:||$128.04 PSF|
|Ceiling:||18 ft. Clear|
|In Opportunity Zone?||Yes|
|Property Use Type:||Net Leased Investment (NNN), Investment, Vacant/Owner-User|
|Sale Terms:||Cash to Seller|
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.
|Nearest MSA:||Riverside-San Bernardino-Ontario|
|Property Located Between:||ON COMMERCE STREET JUST OFF GOLF CENTER DRIVE AND|
|Side of Street:||Northeast|
|Highway Access:||WITHIN MINUTES OF THE INTERCHANGE OF GOLF CENTER DRIVE AND INTERSTATE 10, INDIO, CA|
|Total Number of Buildings:||2|
|Number of Stories:||1|
|Exterior Description:||NICELY LANDSCAPED|
|Parking Ratio:||2.5 (per 1000 SF)|
|Total Parking Spaces:||36|
|Air Conditioning:||Evaporative Cooler, Package Unit|
|Proximity:||1 mile||3 miles||5 miles|
Lynn F. CokerNAI Capital DACIE Member
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