www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29930182
29930181

73625 Highway 111, Palm Desert, CA 92260

JS
CA 02108109
Voit Real Estate Services Voit Carlsbad
MS
01944151
Voit Real Estate Services Voit Carlsbad
Listed by Voit Real Estate Services Voit Carlsbad
$6,950,000
406 days on market
Updated 85 days ago

Fountain Plaza- 73625 Highway 111., Palm Desert, CA 92260

Details
APN 627-212-015
Property Type Retail
Sub Type Shopping Center
Square Footage 21,783
Cap Rate 6.98%
NOI $485,360
Occupancy 94%
Tenancy Multi
Year Built 1952
Acreage 0.920
Zoning Downtown (D)
Parking Spaces 3.01 per 1,000 sq ft

FOUNTAIN PLAZA | PALM DESERT, CA

Marketing description

Voit Real Estate Services’ Retail Properties Group, as exclusive advisor, is pleased to present the opportunity to acquire Fountain Plaza in Palm Desert, located within the region’s primary retail corridor—El Paseo and Highway 111. While El Paseo is recognized as the desert’s most heavily foot-trafficked retail destination, Highway 111 serves as one of its primary commuter arteries, with average daily traffic counts exceeding 48,500 vehicles.

The property is currently anchored by Keedy’s Diner, which occupies 18% of the total GLA. In continuous operation since 1957, Keedy’s has become a cherished community fixture— having been sold twice, both times to loyal patrons, reflecting the community’s deep-rooted commitment to preserving its legacy. The remaining tenants each occupy between 600 and 1,400 square feet (3%–6% of the GLA), providing ownership with a diversified rent roll and the flexibility often associated with smaller, short-term leases.

Fountain Plaza presents a rare opportunity to acquire a stabilized, historically significant asset in the heart of Palm Desert’s retail core. With a loyal tenant base, prime frontage, and long-term repositioning potential, this property offers investors both durable cash flow and the ability to enhance value over time through strategic leasing or redevelopment.


Investment highlights

  • Year 1 cap rate: 6.9%
  • Diversified tenant mix
  • Largest tenant - Keedy’s Diner has been in operation since 1957
  • An elevated experience awaits at El Paseo, home to upscale restaurants, designer fashion, art galleries, interior design showrooms & specialty services
  • 48,585 cars per day along Highway 111

Listing Contacts

JS
CA 02108109
Voit Real Estate Services Voit Carlsbad
MS
01944151
Voit Real Estate Services Voit Carlsbad
Listed by Voit Real Estate Services Voit Carlsbad

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$485,360.00
$40,446.67/mo

Valuation Metrics

0
DSCR
6.98%
Cap Rate
6.98%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Josh Salik
License
02108109
Brokerage
Voit Real Estate Services
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591