Industrial Building with
72203 Adelaid St Thousand Palms, CA 92276
72203 Adelaid St, Thousand Palms, CA, 92276
$3,789,000
For Sale
$3,789,000
Single-tenant industrial facility with warehouse space, two-level offices, roll-up doors, fenced yard, and substantial electrical capacity.
Property Size18,652 SF
Lot Size1.15 Acres
Price / SF$203.14
Days on Market91
Property Features for 72203 Adelaid St
General Information
- Standard status
- Active
- Size
- 18,652 SF
- Lot size
- 1.15 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing agency
Equity Union Commercial
(760) 485-8922
Listed by
Kristopher Maddock · License #0147142
(760) 485-8922
Source
Elliman
Added: Apr 24 Updated: Jul 22 at 7:00AM Checked: Jul 22 at 7:00AM
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 Equity Union Commercial
Investment Insights
Based on property information with market context.
This single-tenant industrial building totals approximately 18,652 square feet on a 1.15-acre lot, combining warehouse/shop space with office areas across two levels. The warehouse component is supported by near 24-foot clear height, fire sprinklers, and six 14-foot roll-up doors, along with eight evaporative coolers for operational comfort. The office portion includes a reception area, multiple private offices, conference and collaboration space, kitchen and kitchenette areas, storage rooms, and multiple restrooms. A second-level office includes executive office space and a covered balcony, with portions that may be unfinished and suitable for future expansion or customization.
The property includes a private fenced yard and supports efficient site circulation with approximately 41 on-site parking spaces, plus site layout intended to accommodate outdoor storage or staging. Electrical service is approximately 750 AMP, 3-phase power split between three separate meters with IID service.
Overall, the building is designed to support a broad range of industrial, service, or owner-user operations, with functional loading, office infrastructure, and room to adapt or expand.
The property includes a private fenced yard and supports efficient site circulation with approximately 41 on-site parking spaces, plus site layout intended to accommodate outdoor storage or staging. Electrical service is approximately 750 AMP, 3-phase power split between three separate meters with IID service.
Overall, the building is designed to support a broad range of industrial, service, or owner-user operations, with functional loading, office infrastructure, and room to adapt or expand.
Key Highlights
- Single‑tenant industrial building built in 2008 with approx. 18,652 SF on a 1.15‑acre lot
- Warehouse/shop space approx. 11,794 SF with near 24‑ft clear height and six 14‑ft roll‑up doors
- Two‑level office space approx. 6,858 SF with reception, private offices, conference/collaboration areas, kitchen, storage, and multiple restrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $427.5k | $22.92 |
| − Vacancy | −$36.8k | −$1.97 |
| EGI | $390.7k | $20.95 |
| − OpEx | −$97.7k | −$5.24 |
| NOI | $293.1k | $15.71 |
18,652 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.19M
$3.66M – $4.88M
NOI $293,054 @ 7.0% cap · market cap 7.73%
Second Best
Warehouse
$2.66M
$2.32M – $3.10M
NOI $185,989 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$5.59M
$4.89M – $6.52M
NOI $391,148 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sunshine Landscape
Landscaping
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FAQs
What type of property is this?
Flex space - Single-tenant industrial facility with warehouse space, two-level offices, roll-up doors, fenced yard, and substantial electrical capacity.
Where is this flex space located?
The property is located at 72203 Adelaid St Thousand Palms, CA.
What is the asking price?
The asking price for this property is $3,789,000.
What are key features of this property?
This property features: Single‑tenant industrial building built in 2008 with approx. 18,652 SF on a 1.15‑acre lot; Warehouse/shop space approx. 11,794 SF with near 24‑ft clear height and six 14‑ft roll‑up doors; Two‑level office space approx. 6,858 SF with reception, private offices, conference/collaboration areas, kitchen, storage, and multiple restrooms
