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28294657
28294655

72171 Highway 111, Palm Desert, CA 92260

Midwest Pacific Investment Co
Listed by Midwest Pacific Investment Co
$4,300,000
198 days on market
Updated 17 days ago

Painters Path Commercial Center

Details
APN 640-020-024
Property Type Retail
Sub Type Storefront
Square Footage 19,101
Net Rentable (SqFt) 18,376
Units 10
Cap Rate 7.25%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $225
Broker Co-Op Yes
Year Built 1988
Year Renovated 2021
Buildings 1
Stories 2
Acreage 1.180
Zoning PC (2)
Investment Type Stabilized

100% LEASED OFFICE/RETAIL BUILDING IN PALM DESERT CA.

Marketing description

This is a prime investment property 100% leased with excellent exposure on Highway 111 in Palm Desert at the signalized intersection of Painters Path. A two story professional retail/office building with elevator built in 1988 and completely renovated in 2021. It is located in the center of Palm Desert’s retail shopping, dining and financial district. A very strong Retail Trade area. Major tenants in the area include; Walmart, Target, Whole Foods, Nordstrom Rack, Starbucks, PGA Superstore, Trader Joe’s, Best Buy, Ross, TJ Maxx, Marshals, Home Goods, Marriott Springhill Suites, US Bank, Chase Bank, In N Out Burger, Wells Fargo, Hobby Lobby, Total Wines and More, etc.

Investment highlights

  • Excellent exposure to extremely high volume traffic count on Highway 111 at the signalized intersection of Painters Path.

  • In the Retail Center of Palm Desert and Rancho Mirage surrounded by national credit tenants, financial institutions and restaurants.

  • 100% leased and completely renovated in 2021

Listing Contacts

Midwest Pacific Investment Co
Listed by Midwest Pacific Investment Co

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