41865 Boardwalk - Medical FOR SALE
Palm Desert, CA 92211 |
41865 Boardwalk
Palm Desert, CA 92211
HIGHLIGHTS
- The Property is currently 81% occupied with ten (10) small vacant suites that are each less than 1,000 rentable square feet and total 7,772 rentable
- There are no competing small vacancies (under 1,000 rsf) in the entire Palm Desert office market.
- The average suite size at the Property is 1,052 rentable square feet.
- The (FSG) asking rental rate at the Property is $1.66/rsf/month (NNN base rental rate of $1.20/rsf/mo plus NNNs of $0.46/rsf/mo.)
- The Property’s FSG asking rental rate of $1.66/rsf/month is 17% to 27% lower than its direct competitors.
- Recent capital expenditures include the replacement of the roof membrane in September 2023 and resurfacing of the parking areas in January 2022.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Boardwalk Plaza
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
41009
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
134
LAND DETAILS
LAND ACRES
2.38 AC AC
LAND SF
103,673 SF
ZONING
-
APN/PARCEL ID
632-060-033
