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68945 Perez Rd
Cathedral City, CA 92234 Outlying Palm Springs

$6,950,000 USD

Showroom For Sale  •  29,416 SF

Property Details

  • Property Type Showroom
  • Total Building Size 29,416 SF
  • Lot Size 1.72 AC
  • Building Class A
  • Year Built 1989
  • Cap Rate 8.66 %
  • Tenancy Multiple
  • Zoning I-1
0 Transit Score
62 Walk Score

Highlights

Adjacent to Dunn Edwards Paints and anchored by Caliber Collision.
8.66% in-place cap rate
Assumable interest-only financing, fixed until Feb-2028 at 4%, then 4.5% interest only until Feb-2033, creating a 14.79% cash-on-cash return.
Existing Tenant Caliber Collision is a National Credit Tenant (10,913 SF) who has been at the property since 1995.
Prime location in the Perez Road corridor, a thriving business district known as a design and art hub for over 30 years.
Quality concrete construction building with upgraded facade and concrete parking lot.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $601,830 USD (2024)
Cap Rate: 8.66 %

Major Tenants

Tenant SF Occupied Lease End Date
Caliber Collision Center 11/30/2025

Amenities

  • 24 Hour Access
  • Signage
  • Skylights
  • Monument Signage
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Palm Springs International 11 min - 5.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 76
Type: Surface
Included in Rent: Yes
Michael Lyle 760-774-6533 Coldwell Banker Commercial Lyle & Associates
Michael Lyle 760-774-6533 Coldwell Banker Commercial Lyle & Associates