One El Paseo Plaza FOR SALE


Palm Desert, CA - South Palm Desert
$29,430,000 USD
310-491-2019
, Palm Desert, CA for Sale
$29,430,000 USD
FOR SALE
1/3
null | 7% Cap Rate

One El Paseo Plaza
Palm Desert, CA
South Palm Desert


OVERVIEW

Newmark and Ocean Properties Development Corporation (“Broker”), as advisors to the Seller, presents One El Paseo Plaza (“OEP” or the “Property”), the Desert’s finest and only Class A, mixed-use development. OEP is located within the demographic and economic heart of the Coachella Valley at the prime intersection of two of the Desert’s most prominent streets – El Paseo Drive and Highway 111. Currently 87.3% leased, OEP’s high quality, pride of ownership real estate includes two, low-rise Class A office buildings and a single standalone restaurant pavilion set on over 5 acres of impeccably maintained grounds. With a history of attracting top credit tenants from a wide variety of industries, OEP’s stellar rent roll includes Fortune 500 tenants Morgan Stanley and Wells Fargo Advisors, both long term tenants, in addition to a wide variety of well-known local and regional businesses that contribute to the Property’s historical success. 1% COOP FEE.

ASK ABOUT THIS PROPERTY

Michael MooreNewmarkMore Info
310-491-2019

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Michael MooreNewmarkMore Info
310-491-2019

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