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Portfolio For Sale • 89,375 SF
| Textbook Value-Add Opportunity: With a current occupancy of 52% and low in-place rents averaging $0.93/SF gross. |
| 13.17% Proforma Yield: If leased to 90% occupancy at an average rate of $1.14/SF gross, the property features an estimated proforma NOI of $821,000 |
| Multiple Paths to Create Value: Including the lease-up of the existing 48% of vacant space, development or sale of the additional 1.55 acres of land |
| Significant Recent CapEx Investments: New “Enviro-White” reflective elastomeric acrylics coatings over all 4 flat roofs (remaining 6 roofs are steel) |
| ±1.55 Acres of Additional Land at Virtually No Cost: No value has been attributed to the land as a part of the asking price. |
| Small, Versatile Flex Space with Large Tenant Pool: With an average space size of under 1,000 SF, the industrial flex design allows diverse tenants |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Palm Springs International | 55 min | - | 44.9 mi |
Greg Bedell, CCIM
Progressive Real Estate Partners
Greg Bedell, CCIM
Progressive Real Estate Partners
