HMS Plaza West currently offers a sound investment as a well tenanted, beautifully maintained office campus in the heart of Palm Desert. HMS Plaza West also offers new opportunities for a Buyer given the short term tenants, few in-place options to extend and under-market rents on a modified gross basis. Along with the rare opportunity to own almost 2 acres on prestigious El Paseo. HMS Plaza West has an excellent location, on El Paseo with restaurants, retailers and other services nearby. Easy access off of
El Paseo and just one block from Highway 111. The Property also has ample parking, allowing some medical uses within the office campus. The current owners have meticulously maintained and upgraded the landscaping, elevator service and more throughout the serene grounds.
The recently updated Downtown District Zoning allows a mix of retail, restaurants, hotel and even residential development to maximum height of three stories. With new office construction at a standstill for more than the last decade; low vacancy factor in Palm Desert and a growing population base, a Buyer has many options for moving HMS Plaza
West forward.
It’s neighbor, HMS Plaza East is also available for sale.