Listed by Voit Real Estate Services San Diego
$625,000
82674-82690 Highway 111
Details
APN 611-203-012
Property Type Retail, Office
Sub Type Storefront
Square Footage 3,169
NOI $34,381
Tenancy Multi
Brand/Tenant Desert Oasis Insurance, M&L Secretarial Services
Price per SqFt $194
Year Built 1960
Buildings 2
Lot Size (SqFt) 13,939
Zoning C2, Indio
Parking Spaces 7.42 per 1,000 sq ft
Investment Type Value Add
82674-82690 Highway 111, Indio, CA 92201
Marketing description
Voit Real Estate Services is pleased to present the sale of 82674- 82690 Highway 111. This two-building multi-tenant retail property sits at the hard corner of Oasis Street and Highway 111 in Indio, CA. The property consists of a multi-tenant office/retail building consisting of approximately 2,831 square feet, as well as a freestanding retail building of approximately 338 square feet, all situated upon approximately 13,939 square feet of land. With all tenants on month-to-month leases, and two vacant units, the offering gives an investor the opportunity to optimize leases, and fill vacancy. At an attractive price of $625,000, there is plenty of room for add-value.
Investment highlights
- Add Value Investment Offering
- Two-building multi-tenant retail property at the hard corner of Oasis Street and Highway 111
- Multi-tenant office/retail building of approximately 2,831 SF plus freestanding retail building of approximately 338 SF
- All tenants on month-to-month leases with two vacant units - opportunity to optimize leases and fill vacancy
- Attractive price of $625,000
- Approximately 13,939 SF of land
- Parking ratio of approximately 7.42/1,000 SF
- Zoning: C2, Indio
- Year Built: 1960
Listing Contacts
Listed by Voit Real Estate Services San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,381.15
$2,865.10/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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