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74725 Joni Dr 9,416 SF Retail Building Palm Desert, CA 92260 $1,900,000 ($201.78/SF) 6.20% Cap Rate
Investment Highlights
- Single-Tenant Investment for Sale
- Palm to Pines Automotive has been operating for 48 years
Executive Summary
MOTIVATED SELLER!!
9,416 sf Single-Tenant Investment for Sale
• Tenant has 2 year lease w/5 year option to renew
• Palms to Pines Automotive has been operating for 48 years
• (6) Roll-Up Doors
• Has an Office Component
Please call agent for a showing!
9,416 sf Single-Tenant Investment for Sale
• Tenant has 2 year lease w/5 year option to renew
• Palms to Pines Automotive has been operating for 48 years
• (6) Roll-Up Doors
• Has an Office Component
Please call agent for a showing!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,416 SF
Building Class
C
Year Built
1982
Price
$1,900,000
Price Per SF
$201.78
Cap Rate
6.20%
NOI
$117,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.52 AC
Zoning
SI - SI - Service Industrial
Nearby Major Retailers
Property Taxes
| Parcel Number | 624-071-027 | Improvements Assessment | $1,539,792 |
| Land Assessment | $384,948 | Total Assessment | $1,924,740 |
Property Taxes
Parcel Number
624-071-027
Land Assessment
$384,948
Improvements Assessment
$1,539,792
Total Assessment
$1,924,740
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74725 Joni Dr
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