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Painters Path Commercial Center 72171 Highway 111 19,101 SF 100% 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
This is a prime retail/office property with excellent exposure on Highway 111 in Palm Desert at the signalized intersection of Painters Path. It is a two story professional
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.
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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,101 SF
Building Class
B
Year Built/Renovated
1988/2021
Price
$4,300,000
Price Per SF
$225.12
Cap Rate
7.25%
NOI
$311,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
1.18 AC
Zoning
PC (2) - PLANNED COMMERCIAL
Frontage
172’ on 72171 Highway 111
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Signalized Intersection
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This is the prime corner suite on Highway 111. Expansive glass floor to ceiling showroom windows.
| Space | Size | Space Use | Position | Available |
| 103 B | 2,706 SF | Retail | End Cap | Jun 2026 |
103 B
| Size |
| 2,706 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Jun 2026 |
1 of 5
Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
103 B
| Size | 2,706 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Jun 2026 |
This is the prime corner suite on Highway 111. Expansive glass floor to ceiling showroom windows.
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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
Parcel Number
640-020-024
Land Assessment
$865,945
Improvements Assessment
$1,407,161
Total Assessment
$2,273,106
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Midwest Pacific Investment Company
Painters Path Commercial Center | 72171 Highway 111
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