73726 Alessandro Drive, Palm Desert 73726 Alessandro Dr 18,182 SF 100% Leased Office Building Palm Desert, CA 92260 $2,990,000 ($164.45/SF) 5% Cap Rate

Prime Investment Opportunity – Fully Leased Office Building in the Heart of Palm Desert
Medical office allowed with administrative use permit.
Alessandro Plaza is a meticulously maintained 18,182 square foot two-story office building with on-site management, located in the highly desirable Downtown Edge Overlay District of Palm Desert. This turnkey investment offers a rare blend of stability, location, and future potential.
The property is fully leased with a solid roster of long-term tenants who show no signs of relocating, ensuring steady income and minimal turnover. The building features an elevator, updated common areas, and sits across two parcels—one for the structure and one for the dedicated parking lot, which includes convenient covered parking for tenants and guests.
Strategically positioned near the thriving San Pablo corridor and just minutes from world-renowned El Paseo, the property benefits from flexible zoning that allows for a wide range of future uses and redevelopment potential. With a current CAP rate of 5%, Alessandro Plaza presents an attractive yield in today’s economic climate.
Whether you're a seasoned investor or seeking a stable asset in a growing market, this is a rare opportunity to own a high-performing property in one of the Coachella Valley’s most sought-after commercial hubs.