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Liebling Trust Building 102 N Palm Canyon Dr 24,014 SF 88% Leased Retail Building Palm Springs, CA 92262 $15,500,000 ($645.46/SF) 6.30% Cap Rate
Executive Summary
• Currently Single Story Retail with Substantial Annual Income
• Prime Palm Canyon Location with Exceptional Visibility
• Incredible Development Upside for Hotel/Condo Above Retail/Restaurant
• Trophy Hard Corner at Two of the Most Active Intersections
• Immediate Proximity to Entertainment, Hospitality, Retail, Dining, Casino, and Barhopping
• All Leases Have 7-month Landlord Termination/Redevelopment Clauses
• Prime Palm Canyon Location with Exceptional Visibility
• Incredible Development Upside for Hotel/Condo Above Retail/Restaurant
• Trophy Hard Corner at Two of the Most Active Intersections
• Immediate Proximity to Entertainment, Hospitality, Retail, Dining, Casino, and Barhopping
• All Leases Have 7-month Landlord Termination/Redevelopment Clauses
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,014 SF
Building Class
B
Year Built
1980
Price
$15,500,000
Price Per SF
$645.46
Cap Rate
6.30%
NOI
$976,500
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
1.18 AC
Zoning
CBD - Central Business District
Parking
37 Spaces (1.54 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 513-092-004 | Improvements Assessment | $659,806 |
| Land Assessment | $1,696,753 | Total Assessment | $2,356,559 |
Property Taxes
Parcel Number
513-092-004
Land Assessment
$1,696,753
Improvements Assessment
$659,806
Total Assessment
$2,356,559
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Liebling Trust Building | 102 N Palm Canyon Dr
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