Desert Hot Springs PODS
For Sale
Contact for pricing
Pending
64640 19th Ave, Desert Hot Springs, CA 92240
Income-producing PODS facility in Desert Hot Springs, California.
Property Size60,000 SF
Days on Market576
Property Features for 64640 19th Ave
General Information
Standard status
Pending
Size
60,000 SF
Class
A
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
2024
Buildings
1
Tenancy
Single
Listing Agency:
Lee & Associates San Diego - Carlsbad
(760) 519-0240
Listed By:
Ryan Bennett · License #CA 01826517
Source:
Crexi
Added: Jan 22, 2025
Changed: Aug 8
Last Checked: Jul 24 at 12:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates San Diego - Carlsbad
Investment Insights
Based on property information with market context.
This income-producing investment opportunity features a PODS (Portable On Demand Storage) facility located in Desert Hot Springs, California. PODS is a nationally recognized company in the moving and storage industry with over 25 years of operational success, servicing more than 250 million customers across 46 U.S. states, Canada, Australia, and the U.K. The property offers a secure, long-term income stream supported by a modified NNN lease with minimal landlord responsibilities. The property size is 60000 square feet.
Key Highlights
- High‑quality, income‑producing investment property.
- Tenant is PODS (Portable On Demand Storage), a nationally recognized leader.
- Modified NNN lease provides a secure, long‑term income stream with minimal landlord responsibilities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$523,908
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,478,160
$10.5M
Cap Rate 7%
$7,484,400
$7.5M
Cap Rate 9%
$5,821,200
$5.8M
Market Conditions
NOI Build-Up for 60,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$792.0K $13.20/SF
− Vacancy
−$43.6K −$0.73/SF
EGI
$748.4K $12.47/SF
− OpEx
−$224.5K −$3.74/SF
NOI
$523.9K $8.73/SF
Area
Riverside County, CA
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,478,160
Cap Rate 7%
$7,484,400
Cap Rate 9%
$5,821,200
Alternative Uses
Best Use
Self Storage
$7.48M
$6.55M – $8.73M
NOI $523,908 @ 7.0% cap · market cap 3.34%
Second Best
Industrial
$7.04M
$6.16M – $8.21M
NOI $492,710 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$17.97M
$15.73M – $20.97M
NOI $1,258,249 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 92240, CA
40,920
Population
15,977
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
35.7 sq mi
ZIP Area
1,146
Density / Sq Mi
$51,284
Median Household Income
$32,137
Median Earnings
$1,367
Median Rent
$294,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Income-producing PODS facility in Desert Hot Springs, California.
Where is this self storage facility located?
The property is located at 64640 19th Ave Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $15,700,000.
What are key features of this property?
This property features: High‑quality, income‑producing investment property.; Tenant is PODS (Portable On Demand Storage), a nationally recognized leader.; Modified NNN lease provides a secure, long‑term income stream with minimal landlord responsibilities.
