71956 Magnesia Falls Dr - Medical FOR SALE


Rancho Mirage, CA 92270
$2,050,000 USD
858-692-7523
71956 Magnesia Falls Dr, Rancho Mirage, CA for Sale
$2,050,000 USD
Medical - FOR SALE
1/29
null | 6% Cap Rate

71956 Magnesia Falls Dr
Rancho Mirage, CA 92270


HIGHLIGHTS

  • Fully leased to a long-term medical tenant with a new five-year term and renewal option.
  • Modified gross lease with 3% annual rent escalations, providing stable income.

OVERVIEW

This premier medical retail property is now available for purchase in the heart of Rancho Mirage, offering an exceptional investment opportunity. Set on a spacious 0.55-acre lot, the property features generous parking accommodations and offers stunning views of the surrounding mountains. The established Tenant- Rancho Mirage Eye Care + Optometry, a trusted medical provider with over five years of successful operations at this location and numerous other California locations, recently renewed their commitment with a brand-new 5-year lease and a 5-year option. The lease is structured as a modified gross lease with 3% annual rent escalations, ensuring steady, long-term returns for the new owner.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$410 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

PUDC

APN/PARCEL ID

684-423-002

ASK ABOUT THIS PROPERTY

Chad VogtColdwell Banker Commercial-WestMore Info
858-692-7523

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Chad VogtColdwell Banker Commercial-WestMore Info
858-692-7523

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