Multi-tenant Industrial Building for Sale

Industrial for Sale
Catylist Listing ID: 30657597
Property Subtypes: Industrial-Business Park, Mixed Use, Light Industrial
Building Size (RSF): 14,653 SF
Gross Building Area: See Agent
Sale Price: $2,050,000
Unit Price: $139.90 PSF
Ceiling: 16 ft. Clear
Docks/Doors: 8 Doors
Drive In Bays: 8 Bays
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.09%
Last Updated: 10/21/2020

Overview / Comments

This multi-tenant industrial building has a total of nine separate suites. Each suite has its own roll-up door (except Suite 101), electrical meter and restroom. Suite 101 is configured as office space, while the other eight suites are industrial flex spaces. The building is fully leased.

There is upside potential in the income, as most of the current lease rates are under market.

Located in the Washington Business Park of Palm Desert, CA, with easy access to I-10 freeway.

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 626-330-046
Zoning: M-SC
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1998
Parking Type: Surface
Total Parking Spaces: 30
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,444 44,443 145,472
Median Age: 48.23 51.34 43.59
Households: 3,531 20,317 57,820

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