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32776654
32776653

690 W GARNET AVE, PALM SPRINGS, CA 92262

AA
TX 661916
Marcus & Millichap - Dallas
AG
CA 02156269
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Encino
$2,400,000
16 days on market
Updated 16 days ago

Garnet Avenue Single-Tenant

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 13,924
Net Rentable (SqFt) 13,924
Units 1
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 6.96%
Price per SqFt $172
Class B
Year Built 1989
Buildings 1
Stories 1
Acreage 1.810
Zoning M-1P
Parking Spaces 53
Ground Lease No
Ceiling Height 17
Loading Docks 3
Ownership Fee Simple

Industrial | 13,924 SqFt

Marketing description

The property is a vacant 13,924-square-foot single-tenant industrial flex building situated on 1.81 acres of land. It features concrete tilt-up construction, which provides a durable and low-maintenance exterior. The building has a clear height of 17 feet, allowing for efficient use of space and accommodating a variety of industrial and logistics operations. Three 14’ x 14’ grade-level doors provide easy access for loading and unloading goods. A fire sprinkler system is also installed, ensuring a safe working environment. The property's layout isflexible and can be adapted to suit different users, including industrial, logistics, or office-intensive operations. This flexibility makes it an attractive option for a range of potential tenants or owner-users. The property is available for immediate owner use or a lease-up opportunity, providing a chance for investors to capitalize on the demand for industrial space.

Investment highlights

  • Vacant 13,924-Square-Foot Single-Tenant Industrial Flex Property on 1.81 Acres
  • Featuring Concrete Tilt-Up Construction, 17’ Clear Height, Three 14’ x 14’ Grade-Level Doors, and Fire Sprinkler System
  • Flexible Layout Suitable for Industrial, Logistics, or Office-Intensive Users
  • Available for Immediate Owner Use or Lease-up Opportunity
  • Prominent Visibility Along I-10 with Exposure to ±89,000 Vehicles Per Day | Proximity to Large-Scale Industrial Developments
  • Located in Outperforming Coachella Valley Submarket with 5.8% Industrial Vacancy Rate vs. Overall Inland Empire Market Average of 8.8%

Listing Contacts

AA
TX 661916
Marcus & Millichap - Dallas
AG
CA 02156269
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Encino

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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