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HMS Plaza West 4 Office Properties Offered at $7,950,000 in Palm Desert, CA
Investment Highlights
- Pristine Office Campus Available for the First Time in more than 50 Years!
- Four buildings totaling 30,726 SF with a strong mix of more than 20 tenants.
- Tremendous opportunity to reposition in this low vacancy trade area.
- Exceptional location at the SW Corner of El Paseo and Lantana Avenue.
- 1.91 acres of land providing ample parking and lovely landscaping.
- Please contact listing brokers for financial information.
Executive Summary
HMS Plaza West currently offers a sound investment as a well tenanted, beautifully maintained office campus in the heart of Palm Desert. HMS Plaza West also offers new opportunities for a Buyer given the short term tenants, few in-place options to extend and under-market rents on a modified gross basis. Along with the rare opportunity to own almost 2 acres on prestigious El Paseo. HMS Plaza West has an excellent location, on El Paseo with restaurants, retailers and other services nearby. Easy access off of
El Paseo and just one block from Highway 111. The Property also has ample parking, allowing some medical uses within the office campus. The current owners have meticulously maintained and upgraded the landscaping, elevator service and more throughout the serene grounds.
The recently updated Downtown District Zoning allows a mix of retail, restaurants, hotel and even residential development to maximum height of three stories. With new office construction at a standstill for more than the last decade; low vacancy factor in Palm Desert and a growing population base, a Buyer has many options for moving HMS Plaza
West forward.
It’s neighbor, HMS Plaza East is also available for sale.
El Paseo and just one block from Highway 111. The Property also has ample parking, allowing some medical uses within the office campus. The current owners have meticulously maintained and upgraded the landscaping, elevator service and more throughout the serene grounds.
The recently updated Downtown District Zoning allows a mix of retail, restaurants, hotel and even residential development to maximum height of three stories. With new office construction at a standstill for more than the last decade; low vacancy factor in Palm Desert and a growing population base, a Buyer has many options for moving HMS Plaza
West forward.
It’s neighbor, HMS Plaza East is also available for sale.
Property Facts
| Price | $7,950,000 | Number of Properties | 4 |
| Price / SF | $258.74 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 30,726 SF |
| Status | Active | Total Land Area | 5.00 AC |
| Price | $7,950,000 |
| Price / SF | $258.74 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 30,726 SF |
| Total Land Area | 5.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg A
74075 El Paseo Dr, Palm Desert, CA 92260 |
Office | 15,670 SF | 1979 | - |
|
Bldg B
74075 El Paseo Dr, Palm Desert, CA 92260 |
Office | 6,292 SF | 1979 | - |
|
Bldg C
74075 El Paseo Dr, Palm Desert, CA 92260 |
Office | 4,564 SF | 1979 | - |
| 74075 El Paseo Dr, Palm Desert, CA 92260 | Office | 4,200 SF | 1979 | - |
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