73241 Highway 111 - Storefront Retail/Office FOR SALE


Palm Desert, CA 92260- South Palm Desert
$2,650,000 USD
760-773-3310
73241 Highway 111, Palm Desert, CA for Sale
$2,650,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | 4.25% Cap Rate

73241 Highway 111
Palm Desert, CA 92260
South Palm Desert


HIGHLIGHTS

  • Excellent location!
  • High traffic counts
  • First time on the market in 30 years!

OVERVIEW

Plaza De Los Lagos is a 14,413 square foot multi-tenant retail/office plaza located in the heart of Palm Desert. Positioned at the southwest corner of Highway 111 and Sage Ave, this five-building property boasts one of the most prime locations in the area. Originally built in 1978, the property has undergone significant upgrades, including new roofs, new concrete common area walkways, new landscape, fresh exterior paint and some new HVAC equipment. Los Lagos consists of 17 suites of varying sizes spread across five buildings with only two small vacancies + an Owners office. The current tenant roster is strong, with most tenants being long term occupants. This is a rare opportunity to own a premier retail/office location in Palm Desert. Plaza De Los Lagos is on the market for the first time in thirty years. Don't miss out! Income statement available upon request.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza De Los Lagos

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

DO

APN/PARCEL ID

627-192-033

ASK ABOUT THIS PROPERTY

Matthew LongstrethBaxley Properties IncMore Info
760-773-3310

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Matthew LongstrethBaxley Properties IncMore Info
760-773-3310

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