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Andreas Plaza 201 N Indian Canyon Dr 3,755 SF 90% Leased Retail Building Palm Springs, CA 92262 $1,950,000 ($519.31/SF) 3.28% Cap Rate
INVESTMENT HIGHLIGHTS
- Off Street Parking
EXECUTIVE SUMMARY
DO NOT DISTURB TENANTS. Shown by appointment only. Andreas Plaza, Eight Commercial (Office & Retail) Condominiums, all eight parcels are being sold together: APN 513-094-001 through 513-094-008. One building, 8 off street parking stalls.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$117,604
|
$31.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,604
|
$31.32
|
| Taxes |
$24,375
|
$6.49
|
| Operating Expenses |
$29,260
|
$7.79
|
| Total Expenses |
$53,635
|
$14.28
|
| Net Operating Income |
$63,969
|
$17.04
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $117,604 |
| Annual Per SF | $31.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $117,604 |
| Annual Per SF | $31.32 |
| Taxes | |
|---|---|
| Annual | $24,375 |
| Annual Per SF | $6.49 |
| Operating Expenses | |
|---|---|
| Annual | $29,260 |
| Annual Per SF | $7.79 |
| Total Expenses | |
|---|---|
| Annual | $53,635 |
| Annual Per SF | $14.28 |
| Net Operating Income | |
|---|---|
| Annual | $63,969 |
| Annual Per SF | $17.04 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Recessed Lighting
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Beautifully renovated 360 square foot suite is located on the second floor (no elevator) of an architecturally significant building in the heart of downtown. The space features large windows that offer exceptional views and fill the room with natural light, creating a bright and welcoming atmosphere. It includes a private restroom, a dedicated sink area, and one designated parking stall. Perfect for office use or cosmetic professionals, this versatile space offers endless possibilities in a prime location. As part of an incentive, the 12th and 24th months of rent are free with a two-year lease. 360 SF - $925.00/mo - Tenant responsible for electricity and Wi-Fi. To schedule a showing, please call Devin Pitcher at 760-718-2352
| Space | Size | Space Use | Position | Available |
| 174 | 360 SF | Retail | - | Now |
174
| Size |
| 360 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
174
| Size | 360 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Beautifully renovated 360 square foot suite is located on the second floor (no elevator) of an architecturally significant building in the heart of downtown. The space features large windows that offer exceptional views and fill the room with natural light, creating a bright and welcoming atmosphere. It includes a private restroom, a dedicated sink area, and one designated parking stall. Perfect for office use or cosmetic professionals, this versatile space offers endless possibilities in a prime location. As part of an incentive, the 12th and 24th months of rent are free with a two-year lease. 360 SF - $925.00/mo - Tenant responsible for electricity and Wi-Fi. To schedule a showing, please call Devin Pitcher at 760-718-2352
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $832,543 | |
| Land Assessment | $253,324 | Annual Taxes | $24,375 ($6.49/SF) |
| Improvements Assessment | $579,219 | Tax Year | 2025 |
PROPERTY TAXES
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Andreas Plaza | 201 N Indian Canyon Dr
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