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Canyon Plaza East 2 Retail Properties Offered at $8,945,000 in Cathedral City, CA
Investment Highlights
- POINT OF DESTINATION LOCATION - TREMENDOUS FRONTAGE & VISIBILITY ON HIGHWAY 111
- Located across the street from a Target & Trader Joe’s anchored center, the Shops at Canyon Plaza are situated along the city's main road.
- More than 120,000 people within a 5-mile radius of the site with an average household income exceeding $112,000.
Executive Summary
Marcus & Millichap is pleased to present the Shops at Canyon Plaza, a 37,895 square foot retail center situated on approximately 4.05 acres.
The shops are located on Palm Canyon Drive (Highway 111) the desert’s primary traffic artery with traffic counts of over 52,500 cars a day. The project was built in 1981 and has been remodeled by the current ownership.
The Tenant mix is comprised of multiple steady retail and service uses. Situated just south of Tahquitz Creek Golf Resort, and Cathedral Canyon Golf Club, the Shops at Canyon Plaza are adjacent to Cathedral City’s finest overall Canyon Plaza Shopping Center, regional retail hub with anchors including Trader Joes, Target, El Pollo
Loco, McDonald’s, and Starbucks.
The shops are located on Palm Canyon Drive (Highway 111) the desert’s primary traffic artery with traffic counts of over 52,500 cars a day. The project was built in 1981 and has been remodeled by the current ownership.
The Tenant mix is comprised of multiple steady retail and service uses. Situated just south of Tahquitz Creek Golf Resort, and Cathedral Canyon Golf Club, the Shops at Canyon Plaza are adjacent to Cathedral City’s finest overall Canyon Plaza Shopping Center, regional retail hub with anchors including Trader Joes, Target, El Pollo
Loco, McDonald’s, and Starbucks.
Property Facts
| Price | $8,945,000 | Number of Properties | 2 |
| Price / SF | $143.76 / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 62,223 SF |
| Sale Type | Investment NNN | Total Land Area | 6.91 AC |
| Status | Active |
| Price | $8,945,000 |
| Price / SF | $143.76 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 62,223 SF |
| Total Land Area | 6.91 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg F
67555 E Palm Canyon Dr, Cathedral City, CA 92234 |
Retail | 37,895 SF | 1981 | - |
|
Bldg C
67555 E Palm Canyon Dr, Cathedral City, CA 92234 |
Retail | 24,328 SF | 1776 | - |
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Canyon Plaza East
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