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81863 Doctor Carreon Blvd 10,657 SF Office Building Indio, CA 92201 $3,400,000 ($319.04/SF) 7.15% Cap Rate
EXECUTIVE SUMMARY
100% leased to JFK Memorial Hospital - Tenant since the 1980s, with current owner for over 18 years. Part of a HOA campus of four medical/office buildings next to JFK Memorial Hospital. Free standing building fully leased consisting of five Medical/Office condos. JFK planning to spend $50-$60 million on renovation and expansion of main entrance, emergency room, power plant, new street entrance and parking.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,657 SF
Building Class
B
Year Built
1980
Price
$3,400,000
Price Per SF
$319.04
Cap Rate
7.15%
NOI
$243,100
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,657 SF
Slab To Slab
10’
Building FAR
0.08
Lot Size
3.13 AC
Zoning
MUN - Mixed Use Neighborhood
Parking
106 Spaces (9.95 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 616-168-009 | Improvements Assessment | $253,988 |
| Land Assessment | $100,051 | Total Assessment | $354,039 |
PROPERTY TAXES
Parcel Number
616-168-009
Land Assessment
$100,051
Improvements Assessment
$253,988
Total Assessment
$354,039
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81863 Doctor Carreon Blvd
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