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Painters Path Commercial Center 72171 Highway 111 19,101 SF 93% Leased Retail Building Palm Desert, CA 92260 $4,300,000 ($225.12/SF) 7.25% Cap Rate
Investment Highlights
- Excellent exposure to extremely high volume traffic count on Highway 111 at the signalized intersection of Painters Path
- Completely renovated in 2021
- In the Retail and Financial Center of Palm Desert and Rancho Mirage surrounded by national credit tenants, financial institutions and restaurants
Executive Summary
retail /office building with elevator built in 1988 and fully renovated in 2021. It is located in the center of Palm Desert's retail shopping, dining, and financial district. It is in a very strong Retail Trade area which includes; Walmart, Target, Whole Foods, Nordstrom Rack, Starbucks, PGA Superstore, Trader Joe's, Best Buy, TJ Maxx, Marshals, Home Goods, Marriott Springhill Suites, US Bank, Chase Bank, In N Out Burger, Wells Fargo, Hobby Lobby, Total Wines and More and several other retail stores and restaurants.
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Signalized Intersection
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The building was totally renovated inside and out in 2012. This space has all new finishes that include plank flooring and freshly painted walls, skylight. It has panoramic views of the mountains and valley and very light and bright. The floor plan has three private offices, reception, kitchenette and open space. It is located at the signalized intersection of Highway 111 and Painters Path. Excellent exposure to Highway 111 with signage available.
| Space | Size | Space Use | Position | Available |
| 204 | 1,380 SF | Office/Retail | - | Now |
204
| Size |
| 1,380 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
204
| Size | 1,380 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
The building was totally renovated inside and out in 2012. This space has all new finishes that include plank flooring and freshly painted walls, skylight. It has panoramic views of the mountains and valley and very light and bright. The floor plan has three private offices, reception, kitchenette and open space. It is located at the signalized intersection of Highway 111 and Painters Path. Excellent exposure to Highway 111 with signage available.
Nearby Major Retailers
Property Taxes
| Parcel Number | 640-020-024 | Improvements Assessment | $1,407,161 |
| Land Assessment | $865,945 | Total Assessment | $2,273,106 |
Property Taxes
Presented by
Midwest Pacific Investment Company
Painters Path Commercial Center | 72171 Highway 111
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