71956 Magnesia Falls Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
71956 Magnesia Falls Dr
5,000 SF Office Building Rancho Mirage, CA 92270 $2,050,000 ($410/SF) 6% Cap Rate
Executive Summary
This premier medical retail property is now available for purchase in the heart of Rancho Mirage, offering an exceptional investment opportunity. Set on a spacious 0.55-acre lot, the property features generous parking accommodations and offers stunning views of the surrounding mountains. The established Tenant- Rancho Mirage Eye Care + Optometry, a trusted medical provider with over five years of successful operations at this location and numerous other California locations, recently renewed their commitment with a brand-new 5-year lease and a 5-year option. The lease is structured as a modified gross lease with 3% annual rent escalations, ensuring steady, long-term returns for the new owner.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built
1980
Price
$2,050,000
Price Per SF
$410
Cap Rate
6%
NOI
$123,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,300 SF
Building FAR
0.21
Lot Size
0.55 AC
Zoning
PUDC - Planned Urban Development
Parking
20 Spaces (4 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Number | 684-423-002 | Total Assessment | $1,538,923 (2023) |
| Land Assessment | $420,470 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,118,453 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
684-423-002
Land Assessment
$420,470 (2023)
Improvements Assessment
$1,118,453 (2023)
Total Assessment
$1,538,923 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 30
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
71956 Magnesia Falls Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.