74399 Hwy 111 - Office FOR SALE


Palm Desert, CA 92260- Outlying Palm Springs
$4,899,000 USD
760-408-8874
74399 Hwy 111, Palm Desert, CA for Sale
$4,899,000 USD
Office - FOR SALE
1/63
null | 6.12% Cap Rate

74399 Hwy 111
Palm Desert, CA 92260
Outlying Palm Springs


HIGHLIGHTS

  • Strategically situated in a high-traffic area

OVERVIEW

Seize the opportunity to invest in a premier commercial property located in the bustling heart of Palm Desert with signage on Highway 111. This impressive 20,676 square foot office and retail building is fully leased, offering a stable and lucrative investment with a diverse tenant base. Strategically situated in a high-traffic area, the property boasts excellent visibility and accessibility, making it an ideal location for both office and retail operations. The modern, well-maintained design features spacious layouts, large windows, and prominent signage opportunities that enhance tenant exposure. With convenient access to major roadways and ample parking, this property ensures ease of access for tenants and customers. The building's fully leased status and strong lease agreements provide a steady income stream with minimal vacancy risk. Located in a growing market with promising future developments, this property not only offers immediate rental income but also potential for long-term value appreciation.

FOR SALE DETAILS

PRICE

$4,899,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Deep Canyon @ 111

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

C1SP

APN/PARCEL ID

625-121-005

ASK ABOUT THIS PROPERTY

Adam GilbertThe Firm BrokerageMore Info
760-408-8874

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

Adam GilbertThe Firm BrokerageMore Info
760-408-8874

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