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.