42500 Washington St
Bermuda Dunes, CA 92203 Outlying Palm Springs

The opportunity offered consists of an approximately 41,817 square foot site which was just recently re-zoned as MU (Mixed-Use) which allows for a wide variety of uses. The parcel has received all entitlements necessary for construction of an early education pre-school facility. The entitlements approved are for a building of 9,990 square feet along with an approximately 10,000 square foot playground. There are 33 on-site parking stalls plus 7 shared parking stalls planned for the project. A 16-year corporate-guarantee lease has been signed by The Learning Experience, one of the fastest-growing early education concepts in the US.
The subject site is the front parcel resulting from the lot split approved in conjunction with the entitlements. The back parcel is entitled for 43 market-rate apartments to be constructed as a separate project.