69844-69848 Highway 111 - Medical FOR SALE


Rancho Mirage, CA 92270
$5,180,000 USD
310-365-9002
69844-69848 Highway 111, Rancho Mirage, CA for Sale
$5,180,000 USD
Medical - FOR SALE
1/13
null | Request Cap Rate

69844-69848 Highway 111
Rancho Mirage, CA 92270


HIGHLIGHTS

  • FIVE SEPARATE BUILDINGS WITH 102 CAR PARKING AND OVER 320 FEET OF FRONTAGE ON HIGHWAY 111
  • PRICED TO SELL WITH EXCELLENT CAP RATE AND UPSIDE
  • ATTRACTIVE CLASSIC ARCHITECTURE
  • FLEXIBLE MULTI-TENANT INVESTMENT
  • FULLY LEASED FOR INVESTOR OR OPPORTUNITY FOR A USER
  • DRIVE BY ONLY. PLEASE DO NOT DISTURB TENANTS

OVERVIEW

Architect designed office campus in Rancho Mirage on Highway 111 that consists of approximately 25,647 square feet of office space in five individual single story buildings in a landscaped park like setting. The property sits on approximately 2.42 acres and includes 102 parking spaces, of which 52 are covered. The buildings were built in 1981 and feature classic desert architectural design with complimentary landscaping. The location has extensive frontage on Highway 111, across from the Rancho Mirage City Hall and the Ritz Carlton. The asset provides an opportunity for a user to occupy one or more of the buildings and collect rent from the remainder, or an investor can continue to lease out the units providing for an attractive longer term hold. New ownership may also want to undertake the possibility of converting to condominiums providing for even greater flexibility and value. DRIVE BY ONLY. PLEASE DO NOT DISTURB TENANTS

FOR SALE DETAILS

PRICE

$5,180,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

PUDC

APN/PARCEL ID

689-040-015

ASK ABOUT THIS PROPERTY

David StahlMetro Resources, Inc.More Info
310-365-9002

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David StahlMetro Resources, Inc.More Info
310-365-9002

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