200 N Sunrise Way
Palm Springs, CA 92262
Liberty Escrow Building · Office Property For Sale

First time sale offering of a quality, two tenant office building strategically located in the strong Palm Springs Market. A two tenant building containing 8,776s/f feet and a 2,886 s/f basement. Suite "A" is 5,567 s/f with the access to the basement. Suite "B" is 3,209 s/f. Both units are fully built out. (See attached floor plans). Subject property is located on North Sunrise Way one block north of Tahquitz Canyon Way. Tahquitz and Sunrise is one of 2 or 3 major intersections in the City of Palm Springs. According to the City of Palm Springs Engineering Department there is about 46,157 cars per day going north or south on Sunrise Way. The building gets excellent exposure from this traffic flow and local businesses. The Palm Springs Office market has been strong in recent years. Sale Comps are limited. There are four recent sales (see Sale Comp Page) with one building just above $400 s/f, one at $346 s/f and two at $246.05 and $209.25. The two lower priced sales require significant improvements which will drive the cost much higher. There are four buildings on the market with asking prices from $547 to $311 which reflect values in this market. Pricing on the subject property reflects the off Palm Canyon Market. The building is newer, well located. Seller will sell and lease back or vacate depending on the Buyer’s goal. The tenant is in the second year of a five year lease with a base rent of $1.30 NNN. Based on location, the current resale market, building condition and flexibility, and projected income the Liberty Escrow Building offers a quality investment to an investor or owner user.