Deep Canyon @ 111 | 74399 Hwy 111
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Deep Canyon @ 111 74399 Hwy 111
20,676 SF 100% Leased Office Building Palm Desert, CA 92260 $5,000,000 ($242/SF) 6% Cap Rate
Executive Summary
Seize the opportunity to invest in a premier commercial property located in the bustling heart of Palm Desert with signage on Highway 111. This impressive 20,676 square foot office and retail building is fully leased, offering a stable and lucrative investment with a diverse tenant base. Strategically situated in a high-traffic area, the property boasts excellent visibility and accessibility, making it an ideal location for both office and retail operations. The modern, well-maintained design features spacious layouts, large windows, and prominent signage opportunities that enhance tenant exposure. With convenient access to major roadways and ample parking, this property ensures ease of access for tenants and customers. The building's fully leased status and strong lease agreements provide a steady income stream with minimal vacancy risk. Located in a growing market with promising future developments, this property not only offers immediate rental income but also potential for long-term value appreciation.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,676 SF
Building Class
B
Year Built
1980
Price
$5,000,000
Price Per SF
$242
Cap Rate
6%
NOI
$300,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,338 SF
Building FAR
0.28
Lot Size
1.70 AC
Zoning
C1SP
Parking
83 Spaces (3.79 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 625-121-005 | Improvements Assessment | $1,713,600 |
| Land Assessment | $734,400 | Total Assessment | $2,448,000 |
PROPERTY TAXES
Parcel Number
625-121-005
Land Assessment
$734,400
Improvements Assessment
$1,713,600
Total Assessment
$2,448,000
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Deep Canyon @ 111 | 74399 Hwy 111
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