The Desert Sun Building | 750 N Gene Autry Trl
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The Desert Sun Building 750 N Gene Autry Trl
86,180 SF Flex Building Palm Springs, CA 92262 $10,000,000 ($116/SF)
Investment Highlights
- Flexible Industrial Warehouse/Commercial Professional Office Configuration on 8.95 acres
- Expandable Warehouse/Commercial Office Ready to configure and operate.
- Located central to Palm Springs Airport and access to Interstate 10 and Highway 111
- Palm Springs is roughly an hour southeast of Los Angeles CA in the Coachella Valley.
Executive Summary
The Desert Sun Building - a stunning piece of Palm Springs History nestled adjacent to the Palm Springs Airport, Palm Springs Air Museum, Escena Golf Club, Highway 111 Truck route, Near the I-10 Freeway and major development opportunities. Industrial Warehouse with Mixed Office Commercial Space. Ample Parking on a large campus with possibility for expansion. Prime High Visibility Notable Palm Springs Building. This site is very flexible and has many possibilities. Medical Office/building, Showroom for Automotive, Furniture, Boat, RV, Motorsports, Shipping and Receiving, Museum, Manufacturing. Wide open warehouse with multiple docks and expandable dock capability. Adjacent to Airport and Airport Museum/Private Terminals and Hangers.
Building Tour
https://my.matterport.com/show/?m=DF1KEcYeASx
Building Tour
https://my.matterport.com/show/?m=DF1KEcYeASx
Financial Summary (Pro forma - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,551,240
|
$18.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,551,240
|
$18.00
|
| Taxes |
$125,000
|
$1.45
|
| Operating Expenses |
$360,000
|
$4.18
|
| Total Expenses |
$485,000
|
$5.63
|
| Net Operating Income |
$1,066,240
|
$12.37
|
Financial Summary (Pro forma - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $1,551,240 |
| Annual Per SF | $18.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,551,240 |
| Annual Per SF | $18.00 |
| Taxes | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $1.45 |
| Operating Expenses | |
|---|---|
| Annual | $360,000 |
| Annual Per SF | $4.18 |
| Total Expenses | |
|---|---|
| Annual | $485,000 |
| Annual Per SF | $5.63 |
| Net Operating Income | |
|---|---|
| Annual | $1,066,240 |
| Annual Per SF | $12.37 |
Property Facts
Amenities
- Conferencing Facility
- Courtyard
- Property Manager on Site
- Security System
- Skylights
- Reception
- Storage Space
- Recessed Lighting
- Monument Signage
- Air Conditioning
- Balcony
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
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PROPERTY TAXES
| Parcel Number | 677-260-056 | Total Assessment | $9,779,760 (2023) |
| Land Assessment | $2,392,920 (2023) | Annual Taxes | $125,000 ($1.45/SF) |
| Improvements Assessment | $7,386,840 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
677-260-056
Land Assessment
$2,392,920 (2023)
Improvements Assessment
$7,386,840 (2023)
Total Assessment
$9,779,760 (2023)
Annual Taxes
$125,000 ($1.45/SF)
Tax Year
2022
zoning
| Zoning Code | PD (Commercial/Industrial/Professional/Manufacturing Planned Development) |
| PD (Commercial/Industrial/Professional/Manufacturing Planned Development) |
-
Wendell Turner -
Absolute Advantage Realty
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The Desert Sun Building | 750 N Gene Autry Trl
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