72171 Highway 111 - Storefront Retail/Office FOR SALE


Palm Desert, CA 92260- Outlying Palm Springs
$4,375,000 USD
760-574-8884
72171 Highway 111, Palm Desert, CA for Sale
$4,375,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 7% Cap Rate

72171 Highway 111
Palm Desert, CA 92260
Outlying Palm Springs


HIGHLIGHTS

  • Excellent exposure to extremely high volume traffic count on Highway 111 at a signalized intersection
  • In the Retail Center of Palm Desert surrounded by national credit tenants
  • 93% leased and completely renovated in 2021

OVERVIEW

PRICE REDUCED! Prime investment property 93% leased with excellent exposure on Highway 111 in Palm Desert at the signalized intersection of Painters Path. A two story professional retail/office building with elevator built in 1988 and completely renovated in 2021. It is located in the center of Palm Desert's retail shopping, dining and financial district. Very strong Retail Trade area. Major tenants in the area include Walmart, Target, Whole Foods, Nordstrom Rack, Starbucks, PGA Superstore, Trader Joes, Best Buy, Ross, TJ Maxx, Marshals, Home Goods, Marriott Springhill Suites Hotel, US Bank, Chase Bank, In N Out Burger, Wells Fargo,, Big Five, Hobby Lobby, and many more...

FOR SALE DETAILS

PRICE

$4,375,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Painters Path Commercial Center PRICE REDUCED

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

PC (2)

APN/PARCEL ID

640-020-024

ASK ABOUT THIS PROPERTY

Thomas BeatyMidwest Pacific Investment CompanyMore Info
760-574-8884

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Thomas BeatyMidwest Pacific Investment CompanyMore Info
760-574-8884

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