777 N Palm Canyon Dr

Office for Sale
Catylist Listing ID: 30752679
Property Subtypes: Mixed Use, Net Leased, Office Building
Building Size (RSF): 10,500 SF
Gross Building Area: See Agent
Sale Price: $4,500,000
Unit Price: $428.57 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

Located in the heart of Downtown Palm Springs in the highly acclaimed and very desirable Uptown Design District. This approximately 10,500 SF multi-tenant building is currently leased to Nationally recognized cannabis and streetwear brand Cookies. This building also houses one of only two currently open cannabis lounges in the city. The remaining units are suitable for a variety of uses including retail, entertainment or office. The property offers easy access with abundant on-street and private, covered parking and has tremendous potential upside with a possible mixed use development play with a residential component.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 505-283-008
Zoning: C1
Year Built: 1981
Total Parking Spaces: 45

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,275 38,584 81,699
Median Age: 49.62 49.47 42.78
Households: 3,945 19,307 33,902

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