Listed by The Firm Brokerage
$4,500,000
The Syndicate Building
Details
Property Type Office, Retail
Sub Type Executive Office, Medical Office
Square Footage 20,676
Units 83
Cap Rate 6.67%
NOI $300,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $218
Class A
Year Built 1980
Year Renovated 2024
Acreage 1.700
Investment Type Stabilized
Ground Lease No
Fully Leased High Income Mixed Use Building on Highway 111
Marketing description
Large, highly-visible multi-use office/retail building located in the heart of Palm Desert directly on Highway 111 just East of El Paseo. 20,000+ square feet over two floors with multiple highly improved suites. Ideal as an investment property or for an owner-user who want high-end office space. This building includes an advanced security system, over 90 covered off-street parking spaces, wrap-around balcony, and much more.
Listed at $4,500,000
Listing Contacts
Listed by The Firm Brokerage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$300,000.00
$25,000.00/mo
Valuation Metrics
0
DSCR
6.67%
Cap Rate
6.67%
ROI
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