68051 Ramon Rd | Cathedral City, CA 92234
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68051 Ramon Rd
Cathedral City, CA 92234
Palm Springs Lanes Bowling Center · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
25,000 SF
Building Class
B
Year Built/Renovated
1980/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Lot Size
0.58 AC
Zoning
Commercial (PCC)
Parking
181 Spaces (7.24 Spaces per 1,000 SF Leased)
Frontage
177 FT on Ramon Rd
Amenities
- Food Court
- Pylon Sign
- Signage
About 68051 Ramon Rd , Cathedral City, CA 92234
CAP Rate @ 8.5%. Built in 1980, several updates in 2017, solid investment, strong Tenant operating since October 1st 2008, yearly rental increase is 5%, rent is locked until September 2023, after that Tenant has two terms of Options 120 months each . 57% of another attached parcel is used for parking and the use of it is included in the sale.
PROPERTY TAXES
| Parcel Number | 680-190-034 | Improvements Assessment | $3,700,544 |
| Land Assessment | $367,911 | Total Assessment | $4,068,455 |
PROPERTY TAXES
Parcel Number
680-190-034
Land Assessment
$367,911
Improvements Assessment
$3,700,544
Total Assessment
$4,068,455
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