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9,506 SF Multi-Tenant Commercial 73993 Highway 111 9,506 SF 100% Leased Office Building Palm Desert, CA 92260 $2,950,000 ($310.33/SF) 2.78% Cap Rate
Investment Highlights
- 9,506 SF multi-tenant commercial building in the heart of Palm Desert
- Prime location at the signalized corner of Highway 111 and Portola Ave, with 54,071 average cars per day
- The 6,000 SF lower level is on a month-to-month master lease which presents an ideal owner/user opportunity with high-quality tenants on 2nd level
- Ideal medical/professional building
- Well-maintained property with covered parking onsite plus abundant parking in the adjacent public parking lot
Executive Summary
- Ideal medical/professional building
- Prime location at the signalized corner of Highway 111 and Portola Ave, with 54,071 average cars per day
- Well-maintained property with covered parking onsite plus abundant parking in the adjacent public parking lot
- High visibility with excellent signage
- Close proximity to El Paseo, the Coachella Valley’s premier luxury shopping and dining destination with businesses such as Gucci, Restoration Hardware, Louis Vuitton, Mastro’s Steakhouse, Anthropologie, Apple, and more!
- Affluent demographics
- The 6,000 SF lower level is on a month-to-month master lease which presents an ideal owner/user opportunity with high-quality tenants on the second level
Property Facts
Amenities
- Security System
- Signage
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- -
- $18.00
- Triple Net
- Jul 2028
KARL is proud of his training, affiliations and proven record of providing stellar service, using styling and makeup techniques learned from many of the visionaries of the industry. With more than 7 prestigious academy training certifications from respected leaders like: Sebastian International, Wella, Logics, Goldwell, Schwarzkopf and Clairol, with associations with the school of Vidal Sassoon and Bumble and Bumble of New York and Paris, Karl epitomizes the very essence of industry innovation and leadership. Working in concert, the professionals of the Karl Vasquez Design Team operate within the serenity of their beautiful salon and spa in Palm Desert, California. Each team member receives personal training and guidance from Karl, and they work hand-in-hand to express and apply the Karl Vasquez Design Team Inspirational Experience.
- MB2 Dental Solutions
- Health Care and Social Assistance
- 1,700 SF
- -
- -
- Feb 2030
- TKE Engineering
- Public Administration
- 1,330 SF
- -
- -
- Jun 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | - | $18.00 | Triple Net | Jul 2028 | |
| MB2 Dental Solutions | Health Care and Social Assistance | 1,700 SF | - | - | Feb 2030 | |
| TKE Engineering | Public Administration | 1,330 SF | - | - | Jun 2026 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
This ±6,000 SF retail space is currently operated as a hair salon and medi-spa and offers an exceptional opportunity in the heart of Palm Desert. Positioned at the signalized intersection of Highway 111 and Portola Avenue, the property benefits from outstanding visibility, strong traffic counts, and prominent signage opportunities. The location is near El Paseo, one of the Coachella Valley's premier shopping and dining destinations, and serves an affluent surrounding customer base. Covered on-site parking and additional adjacent public parking provide convenient access for customers and employees.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 6,000 SF | Office/Medical | Full Build-Out | 30 Days |
1st Fl-Ste 100
| Size |
| 6,000 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 100
| Size | 6,000 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | 30 Days |
This ±6,000 SF retail space is currently operated as a hair salon and medi-spa and offers an exceptional opportunity in the heart of Palm Desert. Positioned at the signalized intersection of Highway 111 and Portola Avenue, the property benefits from outstanding visibility, strong traffic counts, and prominent signage opportunities. The location is near El Paseo, one of the Coachella Valley's premier shopping and dining destinations, and serves an affluent surrounding customer base. Covered on-site parking and additional adjacent public parking provide convenient access for customers and employees.
Property Taxes
| Parcel Number | 627-222-058 | Improvements Assessment | $1,959,066 |
| Land Assessment | $478,156 | Total Assessment | $2,437,222 |
Property Taxes
