81765 Highway 111 - Storefront Retail/Office FOR SALE


Indio, CA 92201
$1,849,000 USD
760-534-2584
81765 Highway 111, Indio, CA for Sale
$1,849,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 5.9% Cap Rate

81765 Highway 111
Indio, CA 92201


HIGHLIGHTS

  • Great Highway 111 Visibility
  • NNN leases in place

OVERVIEW

Meade Commercial is proud to offer 81765 Highway 111, Indio California for sale. The center is configured in five (5) units with four (4) in place tenants. Suite ranges from 790-2,771 square feet, with Desert Medical LLC anchoring the project in suites 2 & 3 on a long-term lease through March 31, 2032.Smaller format users in suites 1, 4 & 5 provide complimentary traffic and are on a mix of term and month-to-month leases, many with long operating histories at the location, supporting tenant stability and retention. The current in-place income is approximately $109,010 with annual increases and the flexibility to increase month-to-month tenants. There is an additional $46,114 of annual NNN charges collected covering all property expenses. This income profile, at the indicated asking price of $1,849,000, equates to an initial CAP rate of roughly 5.90%, with modeled NOI growth over the hold period driven by contractual rent escalations and consistent NNN recoveries. The building was constructed in 1997, is single-story wood frame construction on approximately 0.63 AC and twenty-six (26) on-site parking spaces with excellent visibility and access to highway 111. Located in the rapidly growing City of Indio - branded the "City of Festivals" - the asset benefits from strong surrounding demographics, robust visitor traffic, and an active pipeline of nearby retail and mixed-use development that supports long-term demand and investor upside.

FOR SALE DETAILS

PRICE

$1,849,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

Mixed Use Corridor

APN/PARCEL ID

616-120-048

ASK ABOUT THIS PROPERTY

Cameron RawlingsMeade Commercial Inc.More Info
760-534-2584

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Cameron RawlingsMeade Commercial Inc.More Info
760-534-2584

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