72310 Highway 111 | Palm Desert, CA 92260
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- LoopNet Team
72310 Highway 111
Palm Desert, CA 92260
T-Mobile & SchoolsFirst Credit Union-Pad Bldg · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Tenants: New long-term leases with T-Mobile and Schools First Federal Credit Union, both highly successful tenants.
- Walmart Neighborhood Market Outparcel: Grocery-anchored, daily needs traffic generator.
- High-Quality New Construction
- Prime Palm Desert Location: : #1 Intersection with 90,000 VPD; surrounded by top retailers and near The Shops at Palm Desert mall
- Growing Income: 10% rent increases every 5 years, ensuring income growth and inflation protection.
- Strong Residential Growth with over 7,300 units planned//Under Construction. Affluent Demographic with Growing Year round residential population
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,400 SF
Building Class
B
Year Built
2024
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.24 AC
Zoning
Planned Commercial
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Monument Signage
PROPERTY TAXES
| Parcel Number | 640-110-021 | Improvements Assessment | $4,884,986 |
| Land Assessment | $474,093 | Total Assessment | $5,359,079 |
PROPERTY TAXES
Parcel Number
640-110-021
Land Assessment
$474,093
Improvements Assessment
$4,884,986
Total Assessment
$5,359,079
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