Palm Desert, CA Office Property For Sale

- Well located two-story professional building on nearly one acre

- Elevator served

- This is an exceptional property, ideal for professional offices, law firm, medical or mixed-use

- Nearby many prominent shopping, dining, and entertainment venues (Saks, Mastro’s, Apple, Gucci, Louis Vuitton, Il Corso, and many more)

- High traffic volumes of approx. 30,000 cars per day

- Abundant parking

- Frontage access on both Highway 111 and El Paseo

- In Downtown District allowing mixed-use and multi-story projects

4300 Square feet of office/manufacturing will be available to occupy for an Owner user at the end of January 2024. Two remaining incoming producing Tenants will remain in place. Very well-maintained property by Baxley Properties Inc. Located within the service industrial zoning (SI) which allows a multitude of uses.

■ Ideal For Owner-User or Investment- 68% Leased

■ 5-Unit Single Story Professional Office. Each With Private Office, Restroom and Kitchen Area

■ Newly Built Attractive Contemporary Architecture

■ New AC, Heating Units and Landscaping Installed Dec. 2023

■ Interior Offers Great Lighting, Views and Upgrades Such as Granite Counter Tops and Tiled Restrooms

■ Low Cost IID Power

■ Building Has 24-Hour Surveillance System

■ Mid Valley Location with Easy Access to All Desert Cities From I-10 At Washington St.

First time on the market! The owners of the two buildings are general contractors that are planning to retire so they have decided to sell. They built the two buildings for their company headquarters and to lease out a portion of the buildings to other tenants. They have occupied two spaces that total approximately 40% of the project since 2001. Their two spaces included 2,288 sf of custom built first floor offices and 2,840 sf of industrial space that includes an enclosed yard. There is also a second floor office space that is 1,920 sf available. There are three spaces that are tenant occupied that total 5,720 sf. The total building is 12,768 sf.

PRICE REDUCED!!Baxley Properties, Inc. presents an exceptional investment opportunity with two well-maintained office buildings for sale. Located in the heart of Palm Desert, CA, with frontage on the busy Highway 111, this property is now available for a new owner at $1,100,000. The two buildings consist of 8 units facing Highway 111. This property offers Downtown Edge zoning and convenient street parking. The property features a total of 4,140 SF with each unit thoughtfully designed for maximum efficiency. The property boasts a recently updated exterior paint job. This is a rare opportunity to acquire an investment property in a location with tremendous visibility and high traffic count. The property is 100% fully leased and generates steady income for investors. Don't miss out on this fantastic opportunity. Contact us today for more information.

FOR ANY SHOWINGS OR IF YOU HAVE ANY QUESTIONS ABOUT THE PROPERTY, PLEASE CONTACT THE AGENT.

PLEASE DO NOT DISTURB THE TENANTS

Please See Income Statement & Brochure

*Investment*

Current Lease Expires 7/31/2021

Excellent Mid-Valley Location

Easy Access To I-10 Freeway

Well maintained multi-tenant office building for sale. Great investment opportunity in the heart of Palm Desert.

51% of the asset may also be purchased for $1,524,900.00