Washington Park Shops 4
Retail-Commercial
for Lease
| Catylist Listing ID: |
517145 |
| Property Subtypes: |
Mixed Use
|
| Contiguous Space: |
1,495 - 3,509 SF |
| Total Available: |
8,303 SF |
| Building Size (RSF): |
15,000 SF |
| Gross Building Area: |
400,000 SF |
| Gross Land Area: |
60 Acres
|
| Lease Rate: |
$2.25 - 2.75 PSF (Monthly)
$27 - 33 PSF (Annual)
|
| Base Monthly Rent: |
$3,363 |
| Lease Types: |
NNN |
| Ceiling: |
24 ft. |
| Building Name: |
Shops 4 Bldg. |
| Last Updated: |
4/16/2021 |
Overview / Comments
|
Retail space in a Power Center at the most heavily traveled intersection in the east Coachella Valley; anchored by Lowe's, Target, Steinmart, Trader Joe's, Cost Plus World Market, Lumpy's Golf & Office Depot. High profile location next to upscale men's shop. State Highway 111 - Average Daily Traffic - 36,000; over 42,000 on Washington Street.. Great signage and visibility. Abundant parking. Great location for a shoe store or specialty retailer.
|
|
Suite: 4
|
1,495 SF
|
$2.25 PSF (Monthly)
NNN
|
| Space Available: |
1,495 SF |
| Max Contiguous: |
2,990 SF |
| Lease Rate: |
$2.25 PSF (Monthly)
$27 PSF (Annual)
$3,363 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Faces Washington St., landlord will install demising wall to create 1,495 sq ft. Monument signage available. |
| Date Available: |
6/12/2020 |
| Space Type: |
Relet |
| CAM Expenses |
$0.54 PSF (Annual) |
|
Suite: 5
|
1,495 SF
|
$2.25 PSF (Monthly)
NNN
|
| Space Available: |
1,495 SF |
| Max Contiguous: |
2,990 SF |
| Lease Rate: |
$2.25 PSF (Monthly)
$27 PSF (Annual)
$3,363 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
High visibility suite, on Washington. Monument signage available. Combine with adjacent suite #4 to total 2,990 sq ft. |
| Date Available: |
6/12/2020 |
| Space Type: |
Relet |
| CAM Expenses |
$0.54 PSF (Annual) |
|
Suite: 6
|
1,495 SF
|
$2.25 PSF (Monthly)
NNN
|
| Level/Floor: |
1 |
| Space Available: |
1,495 SF |
| Max Contiguous: |
3,509 SF |
| Lease Rate: |
$2.25 PSF (Monthly)
$27 PSF (Annual)
$3,363 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Facing Washington Street, this suite is located close to Century Theatres. It has been the home of specialty retailers in the past. It can be converted to restaurant use. |
| Space Subcategory: |
Power Center, Grocery-Anchored |
| Date Available: |
1/15/2021 |
| Lease Term: |
60 Months |
| Space Type: |
Relet |
| Parking Spaces |
300 |
| CAM Expenses |
$9,688 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
2.5% annual increases |
| Rent Concession |
Negotiable |
|
Suite: 7
|
1,914 SF
|
$2.25 PSF (Monthly)
NNN
|
| Level/Floor: |
1 |
| Space Available: |
1,914 SF |
| Max Contiguous: |
3,509 SF |
| Lease Rate: |
$2.25 PSF (Monthly)
$27 PSF (Annual)
$4,306 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Located adjacent to Bucatini Trattoria and close to Century Theatres, this space has excellent visibility to inbound traffic from Washington Street. Formerly a retail space, this suite can once again be retail or can be converted to a food use. Monument signage space on Washington Street is available. The suite has several dressing rooms, a storage area, and a very nice service counter. |
| Space Subcategory: |
Power Center, Grocery-Anchored |
| Date Available: |
1/15/2021 |
| Lease Term: |
60 Months |
| Space Type: |
Relet |
| Offices |
1 |
| Parking Spaces |
300 |
| CAM Expenses |
$12,403 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
2/5% annually |
| Rent Concession |
Negotiable |
| Space Available: |
1,904 SF |
| Lease Rate: |
$2.75 PSF (Monthly)
$33 PSF (Annual)
$5,236 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Currently occupied by a dental practice that is relocating to larger space in the shopping center. Space can be used for medical office, general office, retail, or (potentially) restaurant purposes. This is the closest suite in the shopping center to Century Theatres and is adjacent to Bucatini Trattoria. Lots of parking, high visibility, high traffic, Washington Street monument signage opportunity. |
| Space Subcategory: |
Medical, Power Center |
| Date Available: |
12/15/2018 |
| Lease Term: |
60 Months |
| Space Type: |
Relet |
| Conference Rooms: |
1 |
| Offices |
4 |
| Kitchen |
Yes |
| Parking Spaces |
50 |
| Tax Expenses |
$477 PSF (Annual) |
| Operating Expenses |
$114 PSF (Annual) |
| CAM Expenses |
$0.54 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% annual increases |
| Rent Concession |
Negotiable |
Additional Details
| Nearest MSA: |
Riverside-San Bernardino-Ontario |
| County: |
Riverside |
| Taxing Authority: |
Riverside County |
| Tax ID/APN: |
643-020-063 |
| Zoning: |
RETAIL AND RESTAURANTS |
| Market Type: |
Small |
| Property Located Between: |
Highway 111 & Avenue 47 |
| Side of Street: |
East |
| Road Type: |
Highway |
| Property Visibility: |
Excellent |
| Transportation: |
Bus, Highway |
| Highway Access: |
Part of the shopping center faces Highway 111. Access from Avenue 47 through the center of the shopping center to Highway 111, also. |
| Airports: |
Palm Springs, Bermuda Dunes, Thermal |
| Site Description: |
High visibility power center located just off SEC Highway 111 & Washington Street in La Quinta. |
| Area Description: |
Affluent trade area serving Indian Wells and La Quinta markets. Key location in the retail/restaurant/office heart of La Quinta. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
22 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
1,500 SF |
| Property Condition: |
Excellent |
| Year Built: |
2008 |
| Roof Type: |
Flat |
| Construction/Siding: |
Wood Frame |
| Exterior Description: |
Stucco and stacked stone exterior with overhangs and variations in front elevation heights for accent. |
| Total Parking Spaces: |
200 |
| Parking Ratio: |
5 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Surface parking with landscaped islands for shade and aesthetics. |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Interior Description: |
Drywall and restroom have been installed. Ceiling and lighting have not been installed. |
| Zoning Description: |
Retail, restaurant, office. |
| Lot Frontage: |
700 |
| Lot Depth: |
300 |
| Easements: |
Utilities |
| Easements Description: |
CC&R's with anchor tenants, plus some exclusive use provisions in the leases of existing tenants. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,488 |
62,151 |
158,517 |
| Median Age: |
42.36 |
43.61 |
40.59 |
| Households: |
3,561 |
24,597 |
58,857 |
Sponsoring Organization
|
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