74133 El Paseo Dr - Office FOR SALE


Palm Desert, CA 92260- South Palm Desert
$3,999,000 USD
760-346-2520
74133 El Paseo Dr, Palm Desert, CA for Sale
$3,999,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

74133 El Paseo Dr
Palm Desert, CA 92260
South Palm Desert


HIGHLIGHTS

  • Spacious Office Park Available for the first time in more than 50 Years!
  • Exceptional location at the SE Corner of El Paseo and Lantana Ave.
  • Two buildings totaling 18,478 SF on 1.54 acres.
  • Ample parking with lovely landscaping providing a park-like setting.
  • Tremendous opportunity to reposition in this low vacancy trade area.
  • Please contact listing brokers for financial information.

OVERVIEW

HMS Plaza East currently offers a well-tenanted, beautifully maintained office park in the heart of Palm Desert. HMS Plaza East also offers a rare opportunity for a Buyer to own over 1.5 acres on prestigious El Paseo. Given the short term tenants, few in-place options to extend and under-market rents on a modified gross basis, HMS East offers a multitude of new directions for the next owner. HMS Plaza East has an excellent location, on El Paseo with restaurants, retailers and other services nearby. It offers easy access off of El Paseo and is just one block from Highway 111. The Property has ample parking and lovely grounds. The current owners have meticulously maintained the property during their ownership of more than 50 years. The recently updated Downtown District Zoning allows a mix of retail, restaurants, hotel and even residential development to a maximum height of three stories. With new office construction at a standstill for more than the last decade; a low vacancy factor in Palm Desert office and a growing population base, a Buyer has many options for moving HMS Plaza East forward. It’s neighbor, HMS Plaza West is also available for sale.

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

C1SP

APN/PARCEL ID

625-132-001,625-132-040,625-132-041,625-132-042

ASK ABOUT THIS PROPERTY

Maggie MontezLee & AssociatesMore Info
760-346-2520

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Maggie MontezLee & AssociatesMore Info
760-346-2520

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