Cold Storage Distribution
For Sale
$18,982,000
82-851 Avenue 45, Indio, CA 92201
Metal-frame and stucco construction supports a multi-component distribution layout in an Opportunity Zone.
Property Size118,641 SF
Price / SF$316.37
Days on Market103
Property Features for 82-851 Avenue 45
General Information
Standard status
Active
Size
118,641 SF
Property subtype
Industrial
Warehouse & Industrial
Cold Storage
Yes
Cold Storage Area
60,000 SF
Additional Details
Opportunity Zone
Yes
Building Details
Building Size
118,641 SF
Construction
Metal, Frame/Stucco
Listed By:
Polo Doria, SIOR, GRI · License #CalDRE #00880756
(760) 834-6906
Source:
Lee-associates
Added: Jul 4
Changed: Oct 10
Last Checked: Oct 12 at 5:10PM
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 Polo Doria, SIOR, GRI
Investment Insights
Based on property information with market context.
This refrigerated and cold storage property in Indio, California, contains a 60,000 SF distribution facility built with metal, frame, and stucco construction. The facility does not include freezer space, making its configuration specifically suited to refrigerated storage rather than frozen-product operations.
The project is organized into 11 major components, creating the potential to lease portions separately. The property is located at 82-851 Avenue 45, Indio, CA 92201, and is designated within an Opportunity Zone.
The project is organized into 11 major components, creating the potential to lease portions separately. The property is located at 82-851 Avenue 45, Indio, CA 92201, and is designated within an Opportunity Zone.
Key Highlights
- 60,000 SF refrigerated and cold storage facility
- 11 major components within the project
- No freezer space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$598,291
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,965,820
$12.0M
Cap Rate 7%
$8,547,014
$8.5M
Cap Rate 9%
$6,647,678
$6.6M
Market Conditions
NOI Build-Up for 60,000 SF
Gross rent
$748.8K $12.48/SF
− Vacancy
−$44.9K −$0.75/SF
EGI
$703.9K $11.73/SF
− OpEx
−$105.6K −$1.76/SF
NOI
$598.3K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,965,820
Cap Rate 7%
$8,547,014
Cap Rate 9%
$6,647,678
Alternative Uses
Best Use
Warehouse
$8.55M
$7.48M – $9.97M
NOI $598,291 @ 7.0% cap · market cap 3.15%
Second Best
Industrial
$7.04M
$6.16M – $8.21M
NOI $492,710 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$17.97M
$15.73M – $20.97M
NOI $1,258,249 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Metal-frame and stucco construction supports a multi-component distribution layout in an Opportunity Zone.
Where is this refrigerated & cold storage located?
The property is located at 82-851 Avenue 45 Indio, CA.
What is the asking price?
The asking price for this property is $18,982,000.
What are key features of this property?
This property features: 60,000 SF refrigerated and cold storage facility; 11 major components within the project; No freezer space included
