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Deep Canyon @ 111 74399 Hwy 111 20,676 sq ft 100% Let Office Property Palm Desert, CA 92260 £3,684,567 (£178.21/sq ft) 6.12% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Strategically situated in a high-traffic area

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 Occupier
Property Type
Office
Property Size
20,676 sq ft
Costar Property Class
B
Year Built
1980
Price
£3,684,567
Price per sq ft
£178.21
Yield
6.12%
NOI
£225,632
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
10,338 sq ft
Plot ratio
0.28
Total Plot Size
1.70 ac
Use Class
C1SP
Parking
83 Spaces (3.79 Spaces per 1,000 sq ft Leased)
Walk Score®
Easily Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
625-121-005
Land Assessment
£574,661
Improvements Assessment
£1,340,876
Total Assessment
£1,915,537
  • Listing ID: 33126965

  • Date on Market: 10/09/2024

  • Last Updated:

  • Address: 74399 Hwy 111, Palm Desert, CA 92260

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