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46805 Dune Palms Rd
La Quinta, CA 92253
WelbeHealth PACE Facility · Office Property For Sale
Investment Highlights
- New 20-year net lease guaranteed by WelbeHealth, LLC
- Limited landlord responsibilities with tenant responsible for common area maintenance and reimbursing taxes, insurance and replacement of parking lot
- PACE costs significantly less than institutional care and up to 40% less than placement in skilled nursing facilities
- 10% rental increases every 5 years offering solid rent growth and a hedge against inflation
- WelbeHealth is a leading PACE provider of full-service healthcare and personalized support to help seniors age well at home and in their community
- Of the estimated 2.2 million PACE-eligible participants in the country, only 61,000 are enrolled in PACE, demonstrating massive growth potential
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
19,846 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Typical Floor Size
19,846 SF
Building FAR
0.46
Lot Size
1.00 AC
Zoning
CR - Commercial
Parking
52 Spaces
Property Taxes
| Parcel Number | 600-390-023 | Improvements Assessment | $3,194,701 |
| Land Assessment | $689,785 | Total Assessment | $3,884,486 |
Property Taxes
Parcel Number
600-390-023
Land Assessment
$689,785
Improvements Assessment
$3,194,701
Total Assessment
$3,884,486
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