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2100 E Tahquitz Canyon Way

7,970 SF Vacant Office Building Palm Springs, CA 92262 $3,200,000 ($402/SF) 6.10% Cap Rate

Investment Highlights

  • Spectacular offices with newly remodeled space
  • Lots of Natural light
  • Dedicated parking area
  • Great Tahquitz Business corridor

Executive Summary

Fabulously remodeled space. There are two buildings on this .61 Ac parcel. Currently 5461 sf is vacant and available for lease as general office or medical space. The other 2509 sf. is currently used by the owner as Palm Springs Dermatology and Skin Center and they will lease back or vacate at close of escrow. NOI is based on proforma rent at $2.00 psf NNN. Located in the center of town.

Financial Summary (Pro forma - 2023)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $195,456 $24.52

Financial Summary (Pro forma - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $195,456
Annual Per SF $24.52

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,970 SF
Building Class
B
Year Built
1980
Price
$3,200,000
Price Per SF
$402
Cap Rate
6.10%
NOI
$195,200
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,970 SF
Building FAR
0.20
Lot Size
0.91 AC
Zoning
CG - Commercial zone
Parking
37 Spaces (4.64 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage
  • Central Heating
  • High Ceilings
  • Natural Light
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste B
  • 5,461 SF
  • Office
  • Full Build-Out
  • Now

Recently remodeled with very high grade finishes, ready for your business. The vacant space is 5,650 sf. but if more space is required there is an adjacent building of 3144sf on the same parcel that can be leased as well.

Space Size Space Use Condition Available
1st Fl-Ste B 5,461 SF Office Full Build-Out Now

1st Fl-Ste B

Size
5,461 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste B

Size 5,461 SF
Space Use Office
Condition Full Build-Out
Available Now

Recently remodeled with very high grade finishes, ready for your business. The vacant space is 5,650 sf. but if more space is required there is an adjacent building of 3144sf on the same parcel that can be leased as well.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
502-075-013
Land Assessment
$510,000
Improvements Assessment
$1,397,400
Total Assessment
$1,907,400
  • Listing ID: 29753242

  • Date on Market: 10/10/2023

  • Last Updated:

  • Address: 2100 E Tahquitz Canyon Way, Palm Springs, CA 92262

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