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31748298
31748297

45116 Commerce St, Chiriaco Summit, CA 92201 For Sale

PD
Lee & Associates - Temecula Valley
Listed by Lee & Associates - Temecula Valley
$3,945,000
127 days on market
Updated 22 days ago
Opportunity zone

Indio Industrial Park

Details
APN 611-391-034
Property Type Industrial
Sub Type Warehouse
Square Footage 20,565
Cap Rate 6.20%
NOI $250,520
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 1987
Acreage 1.230
Zoning Industrial Park
Parking Spaces 2 per unit
Ceiling Height 17’
Dock High Doors 10

Industrial | 6.20% CAP | 20,565 SqFt

Marketing description

The Commerce Street Business Park is a multi-tenant light industrial building located near the intersection of Highway 10 and Golf Center Parkway in Indio, California Riverside County. Indio is the largest city in the Coachella Valley and is about 15 miles southeasterly of Palm Springs. The population of Indio is more than 93,000 and is the fastest growing city in Riverside County’s Indio experience robust demand for housing with a medium price of $545,000 and top choice for families & buyers seeking newer construction.

Indio is the home of 8 major festivals. It is also an agricultural region. With year-round crops that include dates, citrus, grapes, and vegetables.

Offered for sale is 20,565 square feet of multi-tenant light industrial space in one building. Existing tenants include a cabinet shop, some automotive services, auto restoration, contractors and a worship center. There are 11 tenants in the building. The building has roof access.

Investment highlights

  • Located in the heart of the Indio Industrial Center
  • 100% Leased with Strong Rental History
  • Valuable Small Space Multi-Tenant with less than 1% Vacancy in Space Size
  • Strong Corner Location with Excellent Visibility, Quick Access to I-10
  • Excellent Condition, Well Maintained and Managed
  • Located in Low Cost Power District
  • In Place, Care Free Management

Listing Contacts

PD
Lee & Associates - Temecula Valley
Listed by Lee & Associates - Temecula Valley

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$250,520.00
$20,876.67/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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