67555 E Palm Canyon Dr - Storefront FOR SALE


Cathedral City, CA 92234
$8,945,000 USD
909-575-0000
67555 E Palm Canyon Dr, Cathedral City, CA for Sale
$8,945,000 USD
Storefront - FOR SALE
1/24
null | 7.58% Cap Rate

67555 E Palm Canyon Dr
Cathedral City, CA 92234


HIGHLIGHTS

  • Located on Palm Canyon Drive (Highway 111) the Desert’s primary traffic artery with traffic counts of over 52,500 cars a day.
  • Located across the street from a Target & Trader Joe’s anchored center, the Shops are situated along the main road of the city’s retail corridor.
  • More than 120,000 people within a 5-mile radius of the site with an average household income exceeding $112,000.

OVERVIEW

Marcus & Millichap is pleased to present the Shops at Canyon Plaza, a 37,895 square foot retail center situated on approximately 4.05 acres. The shops are located on Palm Canyon Drive (Highway 111) the desert’s primary traffic artery with traffic counts of over 52,500 cars a day. The project was built in 1981 and has been remodeled by the current ownership. The Tenant mix is comprised of multiple steady retail and service uses.

FOR SALE DETAILS

PRICE

$8,945,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

7.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Canyon Plaza Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

4.05 AC

LAND SF

176,418 SF

ZONING

CC

APN/PARCEL ID

681-320-041,687-510-028

ASK ABOUT THIS PROPERTY

Vanessa HaddadCBRE, Inc.More Info
909-575-0000

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

Vanessa HaddadCBRE, Inc.More Info
909-575-0000

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