73200 El Paseo - Storefront Retail/Office FOR SALE


Palm Desert, CA 92260- South Palm Desert
$6,452,100 USD
760-774-6533
73200 El Paseo, Palm Desert, CA for Sale
$6,452,100 USD
Storefront Retail/Office - FOR SALE
1/26
null | 5.75% Cap Rate

73200 El Paseo
Palm Desert, CA 92260
South Palm Desert


HIGHLIGHTS

  • Multi-Tenant NNN Investment
  • Located on the Prestigious El Paseo Drive

OVERVIEW

Rare Opportunity to Acquire a Fully Leased Trophy Retail Asset on El Paseo » Premier El Paseo Retail Investment – Opportunity to acquire a fully leased multi-tenant retail property located on Palm Desert’s prestigious El Paseo Drive, the Coachella Valley’s premier luxury retail corridor. » 100% Leased Stabilized Asset – The property is fully occupied by a healthy mix of boutique retail, dining, and professional tenants, providing stable in-place income. » Strong In-Place Cash Flow – The property generates approximately $370,862 in NOI, representing a 5.75% cap rate at the asking price. » NNN Lease Structure – Tenants reimburse operating expenses through a triple net lease structure, reducing landlord management responsibilities. » Desirable Boutique Retail Environment – Attractive Spanish style architecture with pedestrian-oriented courtyard design that creates a destination retail and dining atmosphere. » A High Barrier to Entry Market – El Paseo properties rarely trade, providing investors with the opportunity to acquire a long-term generational retail asset.

FOR SALE DETAILS

PRICE

$6,452,100 USD

PRICE/SF

$452 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Paseo Park Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C1SP

APN/PARCEL ID

627-192-024

ASK ABOUT THIS PROPERTY

Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

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Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

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