72171 Highway 111 - Storefront Retail/Office FOR SALE


Palm Desert, CA 92260- Outlying Palm Springs
$4,300,000 USD
760-574-8884
72171 Highway 111, Palm Desert, CA for Sale
$4,300,000 USD
Storefront Retail/Office - FOR SALE
1/46
null | 7.25% Cap Rate

72171 Highway 111
Palm Desert, CA 92260
Outlying Palm Springs


HIGHLIGHTS

  • Excellent exposure to extremely high volume traffic count on Highway 111 at the signalized intersection of Painters Path
  • In the Retail and Financial Center of Palm Desert and Rancho Mirage surrounded by national credit tenants, financial institutions and restaurants
  • Completely renovated in 2021

OVERVIEW

This is a prime retail/office property with excellent exposure on Highway 111 in Palm Desert at the signalized intersection of Painters Path. It is a two story professional retail /office building with elevator built in 1988 and fully renovated in 2021. It is located in the center of Palm Desert's retail shopping, dining, and financial district. It is in a very strong Retail Trade area which includes; Walmart, Target, Whole Foods, Nordstrom Rack, Starbucks, PGA Superstore, Trader Joe's, Best Buy, TJ Maxx, Marshals, Home Goods, Marriott Springhill Suites, US Bank, Chase Bank, In N Out Burger, Wells Fargo, Hobby Lobby, Total Wines and More and several other retail stores and restaurants.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Painters Path Commercial Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

PC (2)

APN/PARCEL ID

640-020-024

ASK ABOUT THIS PROPERTY

Thomas BeatyMidwest Pacific Investment CompanyMore Info
760-574-8884

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Thomas BeatyMidwest Pacific Investment CompanyMore Info
760-574-8884

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