31033 Date Palm Dr - Storefront FOR SALE


Cathedral City, CA 92234
$8,250,000 USD
31033 Date Palm Dr, Cathedral City, CA for Sale
$8,250,000 USD
Storefront - FOR SALE
1/10
null | Request Cap Rate

31033 Date Palm Dr
Cathedral City, CA 92234


OVERVIEW

Located at the signalized intersection of Date Palm Drive and McCallum Way— experiencing approximately 22,000 vehicles per day—the property offers ±533’ of frontage on Date Palm Drive and ±425’ on McCallum Way, providing superior access, dual-street visibility, strong traffic exposure, and outstanding branding potential through prominent monument signage. Back on the market at a reduced price with potential tenant lease-up totaling approximately 65% of the center. Highly Functional for Logistics & Warehouse Uses: The single-story configuration with five exterior loading docks allows seamless adaptation for warehouse, lastmile distribution, or back-of-house intensive users. Modern Construction With Recent Renovation: Originally built in 1992 and renovated in 2007, the asset benefits from more modern construction standards versus older competitive product, reducing near-term capital exposure. Abundant On-Site Parking: Approximately 888 parking spaces (±7.55 spaces per 1,000 SF) support high-traffic retail, medical, or institutional users and make the site attractive for destination uses. Spirit Halloween—an established seasonal tenant—has committed to returning for the 2026 season, providing reliable recurring rental income, consistent annual foot traffic, and an additional layer of occupancy stability for investors.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

Request Cap Rate

% 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

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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