Land /CA /Riverside County /Desert Hot Springs /00 Little Morongo Rd
Land /CA /Riverside County /Desert Hot Springs /00 Little Morongo Rd

00 Little Morongo Rd - Industrial LAND FOR SALE


Desert Hot Springs, CA 92240 | 348,480 SF
$900,000 USD
213-722-9577
00 Little Morongo Rd, Desert Hot Springs, CA for Sale
$900,000 USD
Industrial LAND - FOR SALE
1/8
348,480 SF
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00 Little Morongo Rd
Desert Hot Springs, CA 92240

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HIGHLIGHTS

  • Located in an Opportunity Zone with tax incentives
  • Projected lease income starts at $1.25/SF with 3% annual increases
  • Located in an Opportunity Zone with tax incentives
  • Projected ROI: 108% with 16% CAGR at a 7% exit cap rate

OVERVIEW

Utilities are in place, and a nearby sewer plant is under development. This offering provides substantial upside, with projected lease income growth and an estimated 108% ROI over five years at a 7% cap rate.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/ACRE

$112,500/AC

PRICE/SF

$3 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

8.49 Acres Partially Entitled Little Morongo

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

Commercial, Industrial, Distribution, Warehouse

LAND ACRES

8 AC

LAND SF

348,480 SF

OFFSITE IMPROVEMENTS

Electricity

ZONING

IL- Light Industrial

APN/PARCEL ID

665-080-006,665-080-008

ASK ABOUT THIS PROPERTY

Ben HouraniPac Garden AssetsMore Info
213-722-9577

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Ben HouraniPac Garden AssetsMore Info
213-722-9577

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