73200 El Paseo Palm Desert, CA 92260

Building Details

Year Built

1970

Listing agency Coldwell Banker Commercial Lyle & Associates m***@cbclyle.net Show Phone

Listed by Michael Lyle · License #CalDRE #02002995

Source Cbclyle

Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM

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Investment Insights

Based on property information with market context.

This fully leased multi-tenant retail property is located on El Paseo Drive, Palm Desert's luxury retail corridor in the Coachella Valley. The property is 100% leased to a mix of boutique retail, dining, and professional tenants, providing stable in-place income. The property generates approximately $370,862 in net operating income, representing a 5.75% cap rate. Tenants reimburse operating expenses through a triple net lease structure. The property features attractive Spanish-style architecture with a pedestrian-oriented courtyard design. El Paseo properties rarely trade, providing investors with the opportunity to acquire a long-term generational retail asset.

Key Highlights

• Premier El Paseo Drive Location: Situated on Palm Desert's prestigious El Paseo Drive.
• 100% Leased Stabilized Asset: Fully occupied by a mix of retail, dining, and professional tenants.
• Strong In‑Place Cash Flow: Generates approximately $370,862 in NOI, representing a 5.75% cap rate.

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Similar Off Market Nearby

• Palms to Pines West Shopping Center — 72740 El Paseo, Palm Desert, CA 92260
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FAQs

What type of property is this?

Shopping center - Fully leased retail property on El Paseo Drive.

Where is this shopping center located?

The property is located at 73200 El Paseo Palm Desert, CA.

What is the asking price?

The asking price for this property is $6,452,100.

What are key features of this property?

This property features: Premier El Paseo Drive Location: Situated on Palm Desert's prestigious El Paseo Drive.; 100% Leased Stabilized Asset: Fully occupied by a mix of retail, dining, and professional tenants.; Strong In‑Place Cash Flow: Generates approximately $370,862 in NOI, representing a 5.75% cap rate.