1800 E. Tahquitz Canyon Way, Palm Springs

Office for Sale
Catylist Listing ID: 30514230
Property Subtypes: Office Building
Building Size (RSF): 10,400 SF
Gross Building Area: See Agent
Sale Price: $3,500,000
Unit Price: $336.54 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 5.73%
Last Updated: 11/13/2019

Overview / Comments

Unique, exciting investment opportunity in thriving Palm Springs commercial real estate market. Trophy 10,400 SF office building centrally located between downtown and the airport in a professional corridor dominated by law, medical, accountancy, and real estate offices. Current tenant, a full-service law firm, has occupied the space since 2005, enjoying proximity to the Palm Springs Courthouse. The lease to 2024 has 3% annual rent increases and a five-year option. Attractive desert-sensitive landscaping creates great curb appeal.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 502-064-012
Zoning: C-1
Property Located Between: Downtown and Palm Springs International Airport
Property Visibility: Excellent
Airports: Palm Springs International Airport
Area Description: Professional corridor with law, medical, accountancy and real estate offices.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 10,400 SF
Year Built: 1992
Construction/Siding: Stucco
Parking Type: Other
Parking Description: 50 covered parking spaces with elevator access to offices
Total Parking Spaces: 50
Passenger Elevators: 1
Sprinklers: Other
Air Conditioning: Engineered System
Zoning Description: Commercial, C-1 Palm Springs

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,798 46,354 96,196
Median Age: 50.91 49.24 43.21
Households: 6,329 22,698 39,872


Sponsoring Organization

© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Desert Area Commercial Information Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.