78850 Highway 111 | La Quinta, CA 92253
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78850 Highway 111
La Quinta, CA 92253
Hobby Lobby, La Quinta, CA · Retail Property For Sale
Investment Highlights
- Highly Visible, Easily Accessible Site, with Direct Access from CA Highway 111 at the Premier Intersection for the Trade Area.
- Excellent 1031 Exchange Opportunity.
- All Cash Offering with the option of assuming the in-place financing with a well below market interest rate.
- Premier, Institutional Quality, Necessity Retail Shopping Center.
- Rare Opportunity to Acquire a Dominant Single Tenant, NNN, National Retailer in one of Southern California’s Most Affluent Communities.
- Favorable Trade Area Demographics.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Department Store
Building Size
55,440 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
4.43 AC
Zoning
CR - Regional Commercial
Parking
239 Spaces (4.31 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 643-080-057 | Improvements Assessment | $5,652,299 |
| Land Assessment | $2,422,549 | Total Assessment | $8,074,848 |
PROPERTY TAXES
Parcel Number
643-080-057
Land Assessment
$2,422,549
Improvements Assessment
$5,652,299
Total Assessment
$8,074,848
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