65753 Pierson Blvd
Desert Hot Springs, CA 92240

BRAND NEW, LONG-TERM SINGLE-TENANT CREDIT LEASE WITH COUNTY OF RIVERSIDE • Rare opportunity to acquire a brand new, 38,084 square foot single-tenant office building located in the Coachella Valley. • 100% leased to Riverside County—a credit tenant with a Moody’s Aa3 Rating—which took occupancy after property completion in March of 2017. The County’s 10-year term, containing annual increases, provides long-term security, stable cash flow, and gradual upside. • Riverside County’s Department of Public Social Services (“Tenant”) received the property as a build-to-suite tailored for its use, with tenant improvements costing $2,725,000. This buildout has created a one-of-a-kind office environment that cannot be easily replicated elsewhere. Tenant reimbursed the cost of improvements in full, as well as added an estimated $1,000,000 more to the property for its specific FF&E requirements, which included substantial permanent data wiring and fixtures. This capital investment further demonstrates the County’s long-term commitment to the location. • Sitting on 3.8 acres of land, the Property is the only building in the Coachella Valley that can accommodate a tenant requiring 38,000 square feet or more and simultaneously provide a generous 6.25 to 1 parking. • Attractive, in-place financing can be assumed with favorable loan terms, thus allowing a new buyer to bypass recent interest rate hikes. FUTURE ADJACENT RETAIL DEVELOPMENT PROMOTING LOCATION GROWTH AND AMENITIES • New adjacent development plans—approximately 30,000 square feet of new retail development designed to attract medical, urgent care, shops, service establishments and restaurants—provides an immediate amenity base for the County’s 100+ employees and 200 guests who visit the County’s office daily. • The site’s proximity to Desert Hot Springs High School, Borrego Health’s Desert Hot Springs Community Health Center, single and multifamily developments, and office users create an environment favorable for other retail services in a exceptional location.