24,561 SF Multi-Tenant Office Building for Sale!

Office for Sale
Catylist Listing ID: 30446012
Property Subtypes: Office Building
Building Size (RSF): 24,561 SF
Gross Building Area: See Agent
Gross Land Area: 0.92 Acres
Sale Price: $3,423,000
Unit Price: $139.37 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/19/2019

Overview / Comments

Baxley Properties Inc., is pleased to announce our exclusive right to sell this Trophy Property located at 44-100 Monterey Avenue, Palm Desert, CA 92260. Without a doubt, this opportunity offers Location! Location! Location! Sitting in the very heart of Palm Desert, this +/- 24,561 square foot office complex offers its new owner an ideal opportunity to provide for their business while capitalizing on the already in-place income. This asset has a current occupancy rate of approximately 49%; thus giving the new owner an ability to occupy the perfectly located building while offsetting some, most or all of the expenses that come along with the new ownership. Couple this with the attractive sale price, there may not be another office building in the area with such upside.

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 627-021-044
Zoning: OFFICE
Year Built: 1991
Total Parking Spaces: 90

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,568 45,343 91,116
Median Age: 43.94 53.91 51.7
Households: 5,170 22,232 42,867

Contact

Photograph of Listing Agent

Dick S. Baxley

Baxley Properties DACIE Member
Photograph of Listing Agent

Brandon Bedwell

Baxley Properties Not a member of DACIE

Sponsoring Organization

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