555 S Sunrise Way, Palm Springs, CA 92264

PALM SPRINGS VALUE-ADD STRIP CENTER OPPORTUNITY

Plaza at Sunrise offers an exceptional opportunity to acquire a retail strip center at a high traffic hard corner location. Plaza at Sunrise, situated on three buildings for optimal access and frontage, features ideally sized tenant suites optimal for tenant retention and lower TI’s when space needs to be re-leased. Combined with low rents and available space, Plaza at Sunrise is an exceptional value-add opportunity.

HIGH TRAFFIC LOCATION

Plaza at Sunrise is strategically positioned on S Sunrise Way, one of the trade area’s primary commercial streets. Situated at the signalized intersection of S Sunrise Way and Ramon Road (±41,759 CPD), less than 2 miles from Palm Springs International Airport and Downtown Palm Springs, the center captures steady traffic from residents, commuters, and the area’s strong tourism base.

EASE OF ACCESS

Plaza at Sunrise benefits from exceptional visibility and ease of access with over 675 feet of frontage and two access points along S Sunrise Way and 235 feet of frontage and one access point along Ramon Rd.

EXCEPTIONAL NOI GROWTH

Through the lease up of vacant space and below market rents rolling to market, the NOI is projected to increase by more than $409,000 (48%) over a 10-year hold period.

LOW PRICE PSF, WELL BELOW REPLACEMENT COST

Plaza at Sunrise is priced at less than $300 PSF, well below the land-inclusive replacement cost estimated to exceed $600 PSF.

FUTURE PAD SALE OPPORTUNITY

Opportunity for an investor to create individual parcels and sell off pad(s) at lower cap rates to reduce their basis or significantly enhance returns.

INTERNET RESISTANT & TRADE AREA APPROPRIATE TENANCY

Plaza at Sunrise features a diverse mix of service oriented retail, medical and professional office tenants that provide daily-needs and experience driven services that are not replicable online. The tenant roster is well aligned with the surrounding Palm Springs trade area, serving nearby residential, daytime employment and tremendous visitor traffic.

PRIME RETAIL LOCATION

Plaza at Sunrise is located along South Sunrise Way, one of Palm Springs’ primary commercial corridors, and is surrounded by a strong mix of national, regional, and local tenants. The property sits directly across the street from a Ralph’s and CVS anchored shopping center and is a short drive from Downtown Palm Springs, the city’s premier retail and dining district, generating consistent traffic and long-term tenant demand at the property.

EXCEPTIONAL SOUTHERN CALIFORNIA DEMOGRAPHICS

• More than 11,100 people in a 1-mile radius with Average Household Incomes exceeding $116,300

• More than 40,500 people in a 3-mile radius with Average Household Incomes exceeding $126,800

• More than 96,700 people in a 5-mile radius with Average Household Incomes exceeding $115,200