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73745 El Paseo - San Luis Rey Plaza - San Luis Rey Plaza, Palm Desert, CA

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73745 El Paseo - San Luis Rey Plaza - San Luis Rey Plaza

SWC of El Paseo & San Luis Rey Ave.
Palm Desert, CA 92260-4328 - Coachella Valley Submarket

(1.9 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:1980
Building Size:33,853 SF Land Area:1.64 AC (71,438 SF)
For Sale Price:$12,800,000 Price/SF:$378.11
Cap Rate:5.85 %
Parking:Free Surface spaces are available; Free Covered spaces are available; Ratio of 3.51/1,000 SF

Location Corner: SW

Property Description: Storefront Retail/Office

Sale Notes:
Colliers International, as exclusive advisor is pleased to present for sale San Luis Rey Plaza. San Luis Rey Plaza is a multi-tenant boutique retail center located at 73745 El Paseo in the heart of Palm Desert. El Paseo is considered by many as the “Rodeo Drive of the Desert” and has over 300 shops along this mile long shopping district. The Center benefits from both the affluent local residents and 5.7 million overnight visitors who spent $5 billion in 2015. Residents and visitors enjoy the beauty and weather of the desert combined with the abundant golf courses, tennis facilities combined with various entertainment and cultural options. San Luis Rey Plaza provides an investor with a diversified income stream generated by Pacific Premier Bank, Mamma Gina Italian Restaurant, Thai Smile, a successful Thai Restaurant and various service oriented tenants. It is surrounded by complimentary retailers which includes Apple Store, Saks Fifth Avenue, Tiffany & Co and Louis Vuitton to name a few.

Colliers International
Eric Carlton
(949) 724-5561

Donald Ellis
(949) 724-5572

Michelle Schierberl
(949) 724-5574

John Sharpe
(949) 724-5546

Jereme Snyder
(949) 474-0707

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