34295 Monterey Ave

Retail: Big Box

34295 Monterey Ave, Rancho MirageCA 92270

Property Details

Location

Address
34295 Monterey Ave, Rancho MirageCA 92270
County
Riverside
Submarket
AIR - Coachella Valley
Parcels
685070011
Cross Street
Monterey Ave/Dinah Shore Dr
Business Park
Monterey Market Place

Building Size

Building Size
30,000 SF
Rentable Space
30,000 SF
Floor Size
30,000 SF

Building Details

Type
 Retail: Big Box
Retail Center Type
Power Center
Number of Buildings
1
Number of Units
1
Occupancy Type
Single Tenant
Number of Tenants
1
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
1
Elevators
Not present
Year Built
2004
Sprinklers
Yes
Total Parking
107
Parking Ratio
3.6:1,000

Land & Utilities

Land (Acres)
3.5 Acres
Land (SF)
152,460 SF
Zoning
C-1
Lot Depth
Lot Width

Contacts

Public Remarks

Irreplaceable Southern California location in the desirable Coachella Valley community of Rancho Mirage, CA. Anchor to Monterey Market Place, which is one of the dominant Community Centers anchored by Home Depot and Regal Cinemas on the main retail thoroughfare in Rancho Mirage. Rapidly growing and affluent population with high average household incomes within a three-mile radius of the property. Excellent visibility. Highly trafficked location. Synergistic mix of surrounding national retailers.

Current Listings

34295 Monterey Ave

30,000 SF$6,545,000
Cap Rate: 5.5%
Colliers International

Strong & stable income with newly extended lease for 5 more years to Pacific Sales Kitchen & Bath Centers, showing a strong commitment to the location. Guaranteed by an investment grade credit company in Best Buy Co., Inc. (NYSE: BBY). Rental increases every 2.5 years, a strong hedge against inflation. Nearly 15 years of operating history at this store. Delivered Free & Clear of Debt.

Colliers International

Strong & stable income with newly extended lease for 5 more years to Pacific Sales Kitchen & Bath Centers, showing a strong commitment to the location. Guaranteed by an investment grade credit company in Best Buy Co., Inc. (NYSE: BBY). Rental increases every 2.5 years, a strong hedge against inflation. Nearly 15 years of operating history at this store. Delivered Free & Clear of Debt.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

AIRCRE

Source: AIR CRE

More Information

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