Downtown Coachella Leased Investment
For Sale
$5,760,000
1490 6th Street, Coachella, CA 92236
Leased investment opportunity in downtown Coachella with income and development upside.
Property Size86,248 SF
Lot Size1.98 Acres
Price / SF$66.78
Days on Market201
Property Features for 1490 6th Street
General Information
Standard status
Active
Size
86,248 SF
Lot size
1.98 Acres
Property subtype
Office
Building Details
Building Size
86,248 SF
Properties For Sale
at 1490 6th Street
Available Space
Size
86,248 SF
Abundance of private & secured parking. Low maintenance with minimal landlord responsibilities. Attractively landscaped courtyard. Common area expansion developed for the medical campus. 3 tenants including a US Post office, occupy 100% of the buildings and the property currently brings in $24,960/mo (gross). All 3 tenants are seasoned there and provide an investor with a good “sleep at night” income stream.
Contact us
Listing Agency:
DAUM Commercial Real Estate Services Ontario
Listed By:
Kevin Frejlach · License #CA 01210292
(909) 912-0005
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 13
Last Checked: Oct 19 at 3:15AM
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 DAUM Commercial Real Estate Services Ontario
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Investment Insights
Based on property information with market context.
This is a leased investment opportunity situated on approximately 1.98 acres in a prime, newly redeveloped downtown Coachella city block. The property features an irreplaceable location and includes five existing buildings totaling approximately 24,600 square feet. There are three credit tenants. The property offers income and development upside with CPI adjustments. A concept plan exists for a 3-story Class A office building.
Key Highlights
- 1.98 acre leased investment with an attractive 4.47% cap rate.
- Prime newly redeveloped downtown Coachella location.
- First time on the market in 31 years.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 92236, CA
42,220
Population
12,629
Households
3.3
Avg Household Size
29
Median Age
6%
College-Educated
57%
High-School Grad
61.9 sq mi
ZIP Area
682
Density / Sq Mi
$67,235
Median Household Income
$35,117
Median Earnings
$1,113
Median Rent
$342,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Leased investment opportunity in downtown Coachella with income and development upside.
Where is this office building located?
The property is located at 1490 6th Street Coachella, CA.
What is the asking price?
The asking price for this property is $5,760,000.
What are key features of this property?
This property features: 1.98 acre leased investment with an attractive 4.47% cap rate.; Prime newly redeveloped downtown Coachella location.; First time on the market in 31 years.
