Listing banner image
  • Property Type
    RetailProperty Type
  • Asking Price
    $3,000,000Asking Price
  • Occupancy
    100%Occupancy
  • Year Built
    2010Year Built
  • NOI
    $179,268NOI
  • Zip Code
    92260Zip Code

Description

73750 El Paseo in Palm Desert, CA is a prime retail investment opportunity located on a high-traffic corridor in the heart of the prestigious El Paseo shopping district. This 5,604-square-foot high-street retail asset, built in 2010, features 100% occupancy with surface parking and sits on 0.24 acres.

The property is positioned within one of the most affluent submarkets in Southern California, benefiting from strong consumer demand and consistent foot traffic, with a daily traffic count of over 14,000 vehicles. Priced at $3,000,000 ($535 per square foot), the asset delivers an in-place NOI...

Documents

Offering Summary

  • Asking Price
    $3,000,000
  • Price PSF
    $535
  • Property Type
    Retail
  • Size
    5,604 SF
  • Occupancy
    100%
  • Built
    2010
  • Parking
    Surface
  • Total Acres
    ~0.24 ac

Sale Details

  • Cap Rate
    5.98%
  • NOI
    $179,268
  • In-Place Cap Rate
    5.98%
  • In-Place NOI
    $179,268
  • GRM
    13.56

Documents

Property Address

73750 El Paseo
Palm Desert, CA 92260

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2010
  • Year Renovated
    2010
  • Operating Expenses ($/SF/yr)
    8.05 $/SF/yr
  • Lease Type
    Modified Gross
  • Ownership Interest
    Fee Simple
  • Traffic Count
    14,134 AADT
  • Acres
    0.24

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2010
  • Year Renovated
    2010
  • Operating Expenses ($/SF/yr)
    8.05 $/SF/yr
  • Lease Type
    Modified Gross
  • Ownership Interest
    Fee Simple
  • Traffic Count
    14,134 AADT
  • Acres
    0.24

Deal Team

Pablo Rodriguez profile image
Pablo Rodriguez
First Vice President First Vice President
CA RE Lic. 01870757

Description

73750 El Paseo in Palm Desert, CA is a prime retail investment opportunity located on a high-traffic corridor in the heart of the prestigious El Paseo shopping district. This 5,604-square-foot high-street retail asset, built in 2010, features 100% occupancy with surface parking and sits on 0.24 acres.

The property is positioned within one of the most affluent submarkets in Southern California, benefiting from strong consumer demand and consistent foot traffic, with a daily traffic count of over 14,000 vehicles. Priced at $3,000,000 ($535 per square foot), the asset delivers an in-place NOI...

Documents

Offering Summary

  • Asking Price
    $3,000,000
  • Price PSF
    $535
  • Property Type
    Retail
  • Size
    5,604 SF
  • Occupancy
    100%
  • Built
    2010
  • Parking
    Surface
  • Total Acres
    ~0.24 ac

Sale Details

  • Cap Rate
    5.98%
  • NOI
    $179,268
  • In-Place Cap Rate
    5.98%
  • In-Place NOI
    $179,268
  • GRM
    13.56

Documents

Property Address

73750 El Paseo
Palm Desert, CA 92260

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2010
  • Year Renovated
    2010
  • Operating Expenses ($/SF/yr)
    8.05 $/SF/yr
  • Lease Type
    Modified Gross
  • Ownership Interest
    Fee Simple
  • Traffic Count
    14,134 AADT
  • Acres
    0.24

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2010
  • Year Renovated
    2010
  • Operating Expenses ($/SF/yr)
    8.05 $/SF/yr
  • Lease Type
    Modified Gross
  • Ownership Interest
    Fee Simple
  • Traffic Count
    14,134 AADT
  • Acres
    0.24

Deal Team

Pablo Rodriguez profile image
Pablo Rodriguez
First Vice President First Vice President
CA RE Lic. 01870757
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