50249 Cesar Chavez St - Storefront FOR SALE


Coachella, CA 92236
$16,450,000 USD
714-878-8543
50249 Cesar Chavez St, Coachella, CA for Sale
$16,450,000 USD
Storefront - FOR SALE
1/7
null | 7.52% Cap Rate

50249 Cesar Chavez St
Coachella, CA 92236


HIGHLIGHTS

  • Shadow anchored by a high-performing Cardenas Markets (NAP), a dominant operator in the Hispanic grocery industry
  • Diverse, "daily-needs" shopping center with internet resistant tenants that include grocers, medical, fitness, food, and soft goods retail
  • Average in-place rents at Coachella Plaza are just $1.22/SF offering upside as leases roll
  • Cesar Chavez Street & Avenue 50 is one of the most heavily traveled intersections in Coachella with traffic counts exceeding 26,400 CPD

OVERVIEW

Located in the vibrant city of Coachella, California, Coachella Plaza stands as a significant structure within the community with its expansive building footprint of approximately ±84,820 square feet and a land area of ±281,397 square feet (6.46 acres). Built in 1991, this multi-tenant retail center is home to thirteen diverse tenants, ranging from retail shops and health service providers to a large fitness center. For investors looking to capitalize on a well-positioned commercial property, Coachella Plaza offers a compelling portfolio addition that promises both financial returns and community enrichment. Its established presence and ongoing contribution to the local economy make it a cornerstone of the Coachella community and a prudent investment choice.

FOR SALE DETAILS

PRICE

$16,450,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

7.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coachella Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

378

LAND DETAILS

LAND ACRES

6.46 AC

LAND SF

281,397 SF

ZONING

C-G

APN/PARCEL ID

768-180-001

ASK ABOUT THIS PROPERTY

Darren FitchCBREMore Info
714-878-8543

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Darren FitchCBREMore Info
714-878-8543

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