31033 Date Palm Dr - Storefront FOR SALE


Cathedral City, CA 92234
$10,500,000 USD
31033 Date Palm Dr, Cathedral City, CA for Sale
$10,500,000 USD
Storefront - FOR SALE
1/28
null | 2.82% Cap Rate

31033 Date Palm Dr
Cathedral City, CA 92234


HIGHLIGHTS

  • Signalized corner with 22K VPD, dual frontage, strong visibility and monument signage.
  • Big 5 anchors traffic with 82K visits/yr and lease through 2030 for long-term stability.
  • Single-story with 5 loading docks ideal for warehouse, logistics, or last-mile uses.
  • Built 1992, renovated 2007, offering modern construction and reduced near-term capex.
  • Spirit Halloween returning 2026 provides recurring seasonal income and foot traffic.

OVERVIEW

31033 Date Palm Dr presents a predominantly vacant retail investment opportunity with approximately 85% vacancy, offering investors a rare chance to acquire a highly accretive value-add asset with substantial lease-up upside. The offering consists of a 14-unit multi-tenant retail center totaling 126,745 SF, situated on a 14.30-acre lot at the signalized intersection of Date Palm Drive and McCallum Way in the heart of Cathedral City, CA. Originally built in 1992 and renovated in 2007, the asset provides a modern construction profile with significant NOI growth potential through aggressive re-leasing at market rents and strategic tenant repositioning. The property features five exterior loading docks, ±888 on-site parking spaces, and strong dual-street frontage, supporting a wide range of retail, medical, institutional, and logistics-oriented users. Big 5 Sporting Goods anchors the center with a lease through 2030, providing in-place income and long-term stability, while Spirit Halloween has committed to return for the 2026 season, offering recurring seasonal income. With strong traffic counts, proximity to Palm Springs, and regional demand drivers throughout the Coachella Valley, the asset is exceptionally positioned for sustained tenant demand, long-term appreciation, and multiple executable paths to grow NOI and investor equity.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

2.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

888

LAND DETAILS

CROSS STREETS

McCallum Way

LAND ACRES

14.23 AC

LAND SF

619,859 SF

ZONING

PCC

APN/PARCEL ID

678-330-057,678-330-058,678-330-059,678-330-060,678-330-061,678-330-062,678-330-063,678-330-064

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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