1321 N Gene Autry Trl - Specialty FOR SALE


Palm Springs, CA 92262
$3,125,000 USD
760-774-6533
1321 N Gene Autry Trl, Palm Springs, CA for Sale
$3,125,000 USD
Specialty - FOR SALE
1/17
null | 6.5% Cap Rate

1321 N Gene Autry Trl
Palm Springs, CA 92262


HIGHLIGHTS

  • Seller lease-back of 5,000 SF being offered at $1.25/SF/mo. plus NNN ($6,250 base rent/mo.).
  • 6.5% cap rate for seller lease-back portion totals value of $1,153,846.15 ($230.76/SF).
  • Value of vacant 12,165 SF totals $1,971,153.85 ($162.03/SF).
  • 29.12% leased at time of sale with seller lease-back.
  • Prime Palm Springs location which fronts on North Gene Autry Trail with convenient access to Interstate 10.
  • Abundant parking with 84 parking stalls.

OVERVIEW

Located at 1321 N Gene Autry Trail, Palm Springs, CA, this 17,165 SF building offers a unique investment opportunity with a seller lease-back arrangement. The seller will lease back 5,000 SF at $1.25/SF/mo. plus NNN, generating $6,250/month in base rent at a 6.5% cap rate, valuing this portion at $1,153,846.15 ($230.76/SF). The remaining 12,165 SF, currently vacant, is valued at $1,971,153.85 ($162.03/SF), providing an excellent SBA owner-user opportunity. The property sits on a 2.67-acre lot with 84 parking stalls (1.6/1,000 SF), and is zoned M-1P (Planned Research & Development Park Zone) in the highly desirable Coachella Valley sub-market. Built in 1980, this building boasts prime frontage on North Gene Autry Trail with convenient access to Interstate 10, making it a strategic choice for both investors and users. Asking price is $3,125,000 ($182.05/SF).

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

2.67 AC

LAND SF

116,305 SF

ZONING

M1P, Palm Springs

APN/PARCEL ID

677-461-015

ASK ABOUT THIS PROPERTY

Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.