Palms To Pines Neighborhood Center Palm Desert, CA

$9,075,000
SKU: 72408-24 El Paseo, Palm Desert, CA 92260
Property type: Retail

The space

  • Year Built: 1986
  • SqFt: 37,683
  • $/SqFt: $240.82
  • Cap Rate: 6.4%
  • Land Size: 1.04 Acres
  • Parking Spaces: 343
  • Property Sub-type: Neighborhood Center

Description

Investment Purchase

Buyer and Seller

The 37,683 sf subject property built in 1986 is primarily leased to service tenants in the health, beauty, dance, exercise and medical professions.  It is shadow anchored to Smart N Final neighborhood market.  The entire center has an eclectic tenant mix ranging from restaurants and financial institutions to Coldwell Banker Real Estate offices as well as medical space.  The tenants capitalize on the local populations and the tens of thousands of tourists and part-timers that frequent Palm Springs.  The Palms to Pines center is positioned and poised to take advantage of the high volume of vehicle traffic that travels the Hwy 111 and El Paseo thoroughfare every day.

Contact the Agent

ROBERT E. CRIDER

Vice President
Tel
(760) 809-4055
License #
01158595
Investment Purchase Buyer and Seller The 37,683 sf subject property built in 1986 is primarily leased to service tenants in the health, beauty, dance, exercise and medical professions.  It is shadow anchored to Smart N Final neighborhood market.  The entire…