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73993 Highway 111
Palm Desert, CA 92260 South Palm Desert

$2,950,000 USD

Medical For Sale • 9,312 SF

Property Details

Property Type Medical
Total Building Size 9,506 SF
Lot Size 0.27 AC
Building Class C
Year Built 2000
Cap Rate 5.56 %
Tenancy Multiple
Zoning D

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                9,506 SF multi-tenant commercial building in the heart of Palm Desert
                            
                                Ideal medical/professional building
                            
                                Prime location at the signalized corner of Highway 111 and Portola Ave, with 54,071 average cars per day
                            
                                Well-maintained property with covered parking onsite plus abundant parking in the adjacent public parking lot
                            
                                The 6,000 SF lower level is on a month-to-month master lease which presents an ideal owner/user opportunity with high-quality tenants on 2nd level

Property Flyers

PD - 73993 Highway 111

PD - 73993 Highway 111 (OM)

Cap Rate:

5.56 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Karl Vasquez Salon & Spa		7/28/2028
Lua Construction General Contractors Inc

Amenities

Signage
Reception
Storage Space
Monument Signage
Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Palm Springs International	23 min	-	12.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes

Susan Harvey 760-250-8992 Desert Pacific Properties

73993 Highway 111 Palm Desert, CA 92260 South Palm Desert