Listed by Realty Trust
$4,400,000
Palm Springs Iconic Turonnet Building
Details
APN 505-283-007
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 8,830
Units 2
Cap Rate 6.2%
NOI $272,800
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 6.2%
Pro-Forma NOI $272,800
Price per SqFt $498
Broker Co-Op Yes
Year Built 1962
Buildings 1
Stories 1
Acreage 0.860
Zoning C1AA
Parking Spaces 38 spaces
Parking per 1,000 SqFt 4.30
Ground Lease No
Sale Condition 1031 exchange
Palm Springs Mid-Century Icon in the Heart of the Las Palmas Business Historic District
Investment highlights
Fantastic foot traffic
Amazing visibility
Listing Contacts
Listed by Realty Trust
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$272,800.00
$22,733.33/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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Property History
Tax History
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