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.