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$ 1,499,000
Est. payment | /mo
10,126 SqFt
$ 1,499,000
Est. payment | /mo
10,126 SqFt
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
Square Footage 10,126 sqft
Price per Sqft $148
MLS Listing ID 219155151
HOA Y/N No
Year Built 1976
Lot Size 0.710 Acres
Property Sub-Type Warehouse
Property Description
Excellent opportunity to acquire a 10,126 SF commercial building in Palm Springs, featuring durable block wall construction and a fenced yard. The property is occupied by a well-established tenant with an impressive 22-year tenancy, providing a history of occupancy and a current income stream. The existing lease has approximately 3 years remaining, offering an investor the opportunity to maintain the current tenancy while evaluating future lease-renewal potential. The property currently offers a reported 7.7% capitalization rate.
The building is situated on leased land, with approximately 32 years remaining on the land lease. Located across the street from a new tribal gas station, the property benefits from proximity to a notable commercial development in the surrounding area.
Please do not disturb tenant. Drive-by only. No direct contact with the tenant or property visits without prior authorization.
The building is situated on leased land, with approximately 32 years remaining on the land lease. Located across the street from a new tribal gas station, the property benefits from proximity to a notable commercial development in the surrounding area.
Please do not disturb tenant. Drive-by only. No direct contact with the tenant or property visits without prior authorization.
Location
State CA
County Riverside
Area 334 - Palm Springs South End
Interior
Heating Forced Air
Others
Special Listing Condition Standard
Listed by Rennie Group
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