Approx. 9,424 SF Single-Tenant Retail Showroom for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30321360
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 9,424 SF
Gross Building Area: See Agent
Sale Price: $2,950,000
Unit Price: $313.03 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/21/2018

Overview / Comments

A 9,424 sq. ft. single tenant retail commercial building located in the heart of the Coachella Valley's business district and fronts Hwy 111. Within a mile radius is The River, Westfield Mall, Desert Crossing, El Paseo Shopping District, PGA Super Store, Neighborhood Walmart, Whole Foods, Nordstrom Rack, Marshalls, T.J. Maxx, Ross, PF Changs, The Yardhouse, including various shops, hotels, Golf Courses and Country Clubs such as Thunderbird Country Club, Big Horn and the Marriott Rancho Las Palmas Resort. There is not a better commercial/retail location in the Coachella Valley.

The property has incredible utility such as office, upgraded restrooms, showrooms, hardwood floors, warehouse with roll-up door, receiving area and a break room. Parking is plentiful and ingress and egress to the building is easy. This is a Rancho Mirage landmark commercial building.

The construction is virtually new, from a high end design within a controlled environment. Landscape is impeccable. Prominent light monumentation/ signage is at your disposal. This energy efficient building will keep your utility bills low.

The leased investment property is currently occupied as a single-tenant golf cart showroom. Tenant has impeccable credit and enjoys a high end core clientele.
The building is designed to host a wide range of tenants and could easily be configured for showroom/office, general office or medical. It even has a warehouse with a roll-up door.

The 7 year lease has 5 years remaining on it and is on an AIR Modified Gross lease form and is personally guaranteed.

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 684-232-033
Zoning: RETAIL
Year Built: 2005
Total Parking Spaces: 34

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,640 42,610 90,007
Median Age: 60.16 52.88 51.39
Households: 1,417 20,790 42,099
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