77711 Flora Rd - Manufacturing FOR SALE


Palm Desert, CA 92211
$6,880,000 USD
442-241-0313
77711 Flora Rd, Palm Desert, CA for Sale
$6,880,000 USD
Manufacturing - FOR SALE
1/19
null | Request Cap Rate

77711 Flora Rd
Palm Desert, CA 92211


HIGHLIGHTS

  • Vanmar Executive Suites is a one-of-a-kind investment opportunity to purchase a multi-tenant office and industrial building in the Coachella Valley.
  • Centrally located in the mid-valley off I-10 and Washington Street, creating superior highway connectivity to bustling cities in the Southwest.
  • Two-story, professional work environment constructed in 2010 with five drive-in doors, secure building entry, expansive windows, and ample parking.
  • Close to a plethora of retailers, including EOS Fitness, UPS Store, Starbucks, Stater Bros. Markets, Desert Beer Company, Walgreens, and Goody’s Cafe.

OVERVIEW

Discover the opportunity to acquire Vanmar Executive Suites at 77711 Flora Road - where savvy businesses find a professional office environment in Palm Desert, California. This two-story industrial building was built in 2010 and spans 20,514 square feet. The property has five drive-in doors, a security system, after-hours electronic access, and 82 parking spaces. Vanmar Executive Suites is almost fully leased to an array of insurance, lawyers, law offices, technology, and real estate industries. This professional environment is in the Desert Business Park, a premier office and industrial park in the heart of the Coachella Valley. The park is designed to meet the needs of modern businesses, offering state-of-the-art infrastructure, ample parking, flexible floor plans, and benefits from the low cost of power provided by the Imperial Irrigation District (IID). Desert Business Park is home to national and regional tenants, including Dal-Tile, Lamar Outdoor Advertising, Golden State Overnight, and the County of Riverside. The office is conveniently close to Interstate 10, providing fast access to Palm Desert, La Quinta, Rancho Mirage, Cathedral City, Thousand Palms, Desert Hot Springs, Indio, Palm Springs, and Indian Wells. A plethora of retail, dining, lodging accommodations, and entertainment attractions surround Vanmar Executive Suites. The Palm Springs International Airport is located approximately 16 miles away from the suites. This Palm Desert location has a population of 100,430 residents, bringing in an average household income of $102,283 within a 5-mile radius of the property.

FOR SALE DETAILS

PRICE

$6,880,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vanmar Executive Suites

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

5

PARKING SPACES

82

LAND DETAILS

LAND ACRES

1.04

LAND SF

45,302

ZONING

M-SC

APN/PARCEL ID

626-420-026

ASK ABOUT THIS PROPERTY

Carlos MartinezVanmar PropertiesMore Info
442-241-0313

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Carlos MartinezVanmar PropertiesMore Info
442-241-0313

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