44630 Monterey Ave - Medical FOR SALE


Palm Desert, CA 92260
$1,850,000 USD
818-206-3168
44630 Monterey Ave, Palm Desert, CA for Sale
$1,850,000 USD
Medical - FOR SALE
1/9
null | Request Cap Rate

44630 Monterey Ave
Palm Desert, CA 92260


HIGHLIGHTS

  • Quality Pride of Ownership Building - 2008 Construction
  • Centrally Located with high traffic counts
  • Affulent location with high average household income within the 5 mile radius
  • Ideal as an investment or for an owner user to occupy 1st floor. independent access for the upstairs suite
  • Short Sale. Transaction will be subject to lender approval.

OVERVIEW

Built in 2008,Monterey Professional Park is a high quality two level office building located in the prestigious and affluent city of Palm Desert, California. With ±6,200 of Rentable square footage, the subject property, is an ideal candidate as an owner user opportunity, or for investment purposes as a multi-tenant project. The property sits on a ±17,400 SqFt Lot, and consists of 25 parking spaces. The building consists of two stories, with ±3,442 Sqft on the ground floor, and ±2,686 SqFt on the Top floor with an additional ±843 SqFt Balcony. Located on Monterey Ave, just north of the 111 Freeway, the property benefits from high visibility, and strong traffics counts. Monterey Ave has a daily traffic count of 21,689 cars per day, and the 111 Highway has daily traffic count of 31,266 cars per day, and is conveniently located across the street from Westfield Mall. The majority of business within the immediate vicinity consist of retail, with health care and Social Assistance being second Located on one of the most desirable pockets of the Coachella Valley, population growth within the 1, 3 and 5 mile radius is expected to be 6.37%, 4.92%, and 5.55% respectively, an consists of a 2020 average household income of $106,296 within its 5 mile radius.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C1

APN/PARCEL ID

627-061-055

ASK ABOUT THIS PROPERTY

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818-206-3168

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Jack MinassianPeak CommercialMore Info
818-206-3168

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