1321 North Gene Autry Trail
SBA Owner/User Opportunity: Current Owner Will Leaseback 30% of the Building!
Marketing description
Located at 1321 N Gene Autry Trail, Palm Springs, CA, this 17,165 SF building offers a unique investment opportunity with a seller lease-back arrangement. The seller will lease back 5,000 SF at $1.25/SF/mo. plus NNN, generating $6,250/month in base rent at a 6.5% cap rate, valuing this portion at $1,153,846.15 ($230.76/SF). The remaining 12,165 SF, currently vacant, is valued at $1,971,153.85 ($162.03/SF), providing an excellent SBA owner-user opportunity. The property sits on a 2.67-acre lot with 84 parking stalls (1.6/1,000 SF), and is zoned M-1P (Planned Research & Development Park Zone) in the highly desirable Coachella Valley sub-market. Built in 1980, this building boasts prime frontage on North Gene Autry Trail with convenient access to Interstate 10, making it a strategic choice for both investors and users. Asking price is $3,125,000 ($182.05/SF).
Investment highlights
29.12% leased at time of sale with seller lease-back.
Prime Palm Springs location which fronts on North Gene Autry Trail with convenient access to Interstate 10.
Abundant parking with 84 parking stalls.
Seller lease-back of 5,000 SF being offered at $1.25/SF/mo. plus NNN ($6,250 base rent/mo.).
6.5% cap rate for seller lease-back portion totals value of $1,153,846.15 ($230.76/SF).
Value of vacant 12,165 SF totals $1,971,153.85 ($162.03/SF).
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