71956 Magnesia Falls Dr - Medical FOR SALE


Rancho Mirage, CA 92270
$2,050,000 USD
858-692-7523
71956 Magnesia Falls Dr, Rancho Mirage, CA for Sale
$2,050,000 USD
Medical - FOR SALE
1/29
null | 6% Cap Rate

71956 Magnesia Falls Dr
Rancho Mirage, CA 92270


OVERVIEW

This premier medical retail property is now available for purchase in the heart of Rancho Mirage, offering an exceptional investment opportunity. Set on a spacious 0.55-acre lot, the property features generous parking accommodations and offers stunning views of the surrounding mountains. The established Tenant- Rancho Mirage Eye Care + Optometry, a trusted medical provider with over five years of successful operations at this location and numerous other California locations, recently renewed their commitment with a brand-new 5-year lease and a 5-year option. The lease is structured as a modified gross lease with 3% annual rent escalations, ensuring steady, long-term returns for the new owner.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$410 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

PUDC

APN/PARCEL ID

684-423-002

ASK ABOUT THIS PROPERTY

Chad VogtColdwell Banker Commercial-WestMore Info
858-692-7523

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Chad VogtColdwell Banker Commercial-WestMore Info
858-692-7523

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