34275 Monterey Ave 45,586 SF Retail Building Rancho Mirage, CA 92270 $9,499,000 ($208.38/SF) 6.21% Cap Rate

Outstanding retail/education investment in one of the most affluent cities in the Coachella Valley. This single-tenant building is uniquely approved for education use and is currently occupied by San Joaquin Valley College, an accredited trade school. SJVC is a strong regional tenant with 15 campuses in California. The lease structure is NNN+CAM, with roof and structure as landlord responsibilities. The current lease runs through January 2029 with 3% annual rent increases, and one additional 3-year extension option at 95% of FMV. Located in the Monterey Marketplace of Rancho Mirage, this building shares center traffic with retailers including Home Depot, Regal Movie Theaters and Pacific Sales, is directly across the street from Costco and Walmart, and less than 1 mile from the new Disney development, Cotino. Significant recent improvements to the property include roof reconditioning (completed Dec 2025 with a 10-year warranty) and a new $595,000 HVAC system installed in 2022. Zoned C-C, “Community Commercial,” intended for large, community-scale shopping centers and malls that can include large retail outlets, restaurants, hotels, and entertainment uses.