Listed by Coldwell Banker Commercial Lyle & Associates
$6,452,100
El Paseo Park Plaza
Details
APN 627-192-024
Property Type Retail
Sub Type Storefront
Square Footage 14,256
Units 15
Cap Rate 5.75%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $453
Class A
Year Built 1970
Year Renovated 2019
Stories 2
Zoning C1
Ownership Fee
Multi-Tenant Retail NNN Investment | 14,256 SF | Palm Desert, CA
Marketing description
» Premier El Paseo Retail Investment – Opportunity to acquire a fully leased multi-tenant retail property located on Palm Desert’s prestigious El Paseo Drive, the Coachella Valley’s premier luxury retail corridor.
» Desirable Boutique Retail Environment – Attractive Spanish style architecture with pedestrian-oriented courtyard design that creates a destination retail and dining atmosphere.
» A High Barrier to Entry Market – El Paseo properties rarely trade, providing investors with the opportunity to acquire a long-term generational retail asset.
Listing Contacts
Listed by Coldwell Banker Commercial Lyle & Associates
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