Leased Investment Flex Building

Office for Sale
Catylist Listing ID: 30390193
Property Subtypes: Flex Space
Building Size (RSF): 7,200 SF
Sale Price: $1,250,000
Unit Price: $173.61 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Usable Size (USF): 30,056 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/12/2019

Overview / Comments

*Great location just off I-10 & Washington , Palm Desert
* 7,125 SF building with 11 offices, plus conference room, show room, computer room, and a reception.

* Located in the well maintained, Desert Business Park.

* Mid-valley location with easy access to all Desert cities.

* Occupied by Paul Davis Company for Flood & Disaster restoration.
https://greater-palm-springs.pauldavis.com/

* 23 Parking Space

* Fenced Yard

* Asking Price: $1,250,000

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 626-420-008
Zoning: M-SC
Property Located Between: Washington Street & I-10
Highway Access: Great location just off of I-10 at Washington Street.
Site Description: *Current Use: Single Tenant flex Building *APN: 626-420-008 *Total Parcel Size: Approx. .69 acres *Zoning: MS-C (Manufacturing service commercial) *General Plan: LI (Light Industrial) *The building has 1 Evaporative cooler and 3 AC units. *Owner sale with lease back at $6,000/month net, 5 year lease fixed for first two years, annual CPI increases commence third year, not to exceed 3% *23 Parking spaces *Fenced yard *(4) 15x15 roll-up doors
Area Description: *Current Use: Single Tenant flex Building *APN: 626-420-008 *Total Parcel Size: Approx. .69 acres *Zoning: MS-C (Manufacturing service commercial) *General Plan: LI (Light Industrial) *The building has 1 Evaporative cooler and 3 AC units. *Owner sale with lease back at $6,000/month net, 5 year lease fixed for first two years, annual CPI increases commence third year, not to exceed 3% *23 Parking spaces *Fenced yard *(4) 15x15 roll-up doors
Year Built: 2004
Construction/Siding: Marble
Parking Ratio: 3.2 (per 1000 SF)
Total Parking Spaces: 23
Sprinklers: Wet
Air Conditioning: Air Curtain

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,788 44,443 137,451
Median Age: 75.1 51.34 43.48
Households: 1,095 20,317 54,596

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