1201 Bird Center Dr - Office FOR SALE
Palm Springs, CA 92262 |
$6,428,000 USD
415-509-6276
1201 Bird Center Dr
Palm Springs, CA 92262
HIGHLIGHTS
- The subject property is a build-to-suit government facility located two miles from downtown Palm Springs, a high-barrier-to-entry market
- Lease is guaranteed by the United States Government, which holds an AA+ credit rating (S&P) and generated tax revenues exceeding $4.92 trillion
- BLM invested approximately $1.5 million between 2020-2022, including interior upgrades to the insulation, drywall, acoustic ceilings, flooring & more
- Tenant is currently in discussions for an additional 5-year lease extension, demonstrating a strong continued commitment to this strategic location
OVERVIEW
The subject property is a build-to-suit government facility located two miles from downtown Palm Springs, a high-barrier-to-entry market. The property is fully leased to the Bureau of Land Management (AA+ Credit) with favorable modified gross structure and a lease extension through 2033 in progress.
FOR SALE DETAILS
PRICE
$6,428,000 USD
PRICE/SF
$433 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bureau of Land Management
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
110
LAND DETAILS
LAND ACRES
2.97 AC
LAND SF
129,373 SF
ZONING
CPD
APN/PARCEL ID
677-250-067
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415-509-6276
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415-509-6276
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