13310 Little Morongo Rd - Warehouse CONDO FOR SALE


Desert Hot Springs, CA 92240
$7,998,000 USD
714-323-3200
13310 Little Morongo Rd, Desert Hot Springs, CA for Sale
$7,998,000 USD
Warehouse CONDO - FOR SALE
1/16
null | 10% Cap Rate

13310 Little Morongo Rd
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • MOTIVATED SELLER – ALL OFFERS WILL BE PRESENTED
  • Long-term lease commenced June 1, 2025
  • Strong in-place cash flow with visible upside
  • Licensed, city-approved indoor cultivation operator

OVERVIEW

This 41,000 sq ft institutional-quality, purpose-built industrial asset is fully leased under a long-term, structured agreement designed to deliver predictable income with meaningful contractual growth. The lease features annual rent escalations and phased-in expense reimbursements, driving a strong and visible NOI ramp that translates to expanding returns over the hold period. Based on the current offering price, the investment reflects an approximate 10.3% cap rate in Year 1, increasing steadily to approximately 13.73% by Year 7, without reliance on re-leasing or market rent assumptions. Constructed in 2019 with significant specialized infrastructure and located within a city-approved operations park, the property offers durable cash flow, minimal ownership responsibilities, and a compelling basis below replacement cost.

FOR SALE DETAILS

PRICE

$7,998,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

10%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 1

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

41,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.62 AC

LAND SF

636,847 SF

ZONING

I-L

APN/PARCEL ID

663-271-013

ASK ABOUT THIS PROPERTY

Kacey TaorminaCompassMore Info
714-323-3200

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Kacey TaorminaCompassMore Info
714-323-3200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.