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: |
4/3/2020 |
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.
|
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 |
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 |
Sponsoring Organization
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