$4,000,000 USD
404-441-3849
1488 Palm Canyon Dr
Palm Springs, CA 92262
Uptown Palm Springs
HIGHLIGHTS
- High-quality, city-mandated Mid-Century Modern design
- The building boasts premium glass storefront components and an investment of over $100,000 in custom architectural awnings, enhancing curb appeal.
- 10 years of primary term with a 10% rent increase in 2031 and in each of the five, 5-year renewal options.
- Situated along North Palm Canyon Drive (23,464 VPD)
- The immediate neighborhood is anchored by top-tier, consistently high-performing culinary and hospitality destinations.
OVERVIEW
CBRE is pleased to exclusively offer for sale the 4,012-square-foot Sherwin-Williams situated on 0.38 acres in Palm Springs, CA - a component of the Riverside-San Bernardino-Ontario, CA Metropolitan Statistical Area (MSA Population: 4.72M+). Commencing in August 2026, Sherwin-William's net lease will feature 10 years of primary term with a 10% rent increase in 2031 and in each of the five, 5-year renewal options.
FOR SALE DETAILS
PRICE
$4,000,000 USD
PRICE/SF
$997 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sherwin-Williams: Palm Springs, CA
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
0.38 AC
LAND SF
16,553 SF
ZONING
-
APN/PARCEL ID
505-184-028
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404-441-3849
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404-441-3849
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