Listing Agency: Lee & Associates Show Phone

Listed By: Polo Doria, SIOR Show Phone

Source: Moodyscre

Added: Jun 29 Changed: Oct 16 Last Checked: Oct 16 at 10:46AM

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Investment Insights

Based on property information with market context.

This 118,641-square-foot distribution facility includes 8,561 square feet of office area and approximately 60,000 square feet of cold storage without freezer space. Clear heights range from 18 feet to 22 feet, supporting a range of distribution and warehouse functions.

Loading infrastructure includes one grade-level door and 11 dock-high doors. The property is located at 82851 Avenue 45 in Indio, California, and is situated within an Opportunity Zone.

Key Highlights

• 118,641 SF distribution facility
• Approximately 60,000 SF of cold storage; no freezer
• 8,561 SF of office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,183,031

Cap Rate

6.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$23,660,620 $23.7M

Cap Rate 7%

$16,900,443 $16.9M

Cap Rate 9%

$13,144,789 $13.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 118,641 SF

Gross rent

$1.48M $12.48/SF

− Vacancy

−$88.8K −$0.75/SF

EGI

$1.39M $11.73/SF

− OpEx

−$208.8K −$1.76/SF

NOI

$1.18M $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%

$23,660,620

Cap Rate 7%

$16,900,443

Cap Rate 9%

$13,144,789

Alternative Uses

Best Use

Warehouse

$16.90M

$14.79M – $19.72M (±1% cap)

NOI $1,183,031 @ 7.0% cap · market cap 6.23%

Second Best

Industrial

$13.92M

$12.18M – $16.24M (±1% cap)

NOI $974,261 @ 7.0% cap · market cap 5.13%

Theoretical Best

Office A

$35.54M

$31.10M – $41.47M (±1% cap)

NOI $2,487,999 @ 7.0% cap · market cap 13.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Heimark Distributing Big Box & Wholesale Store Budweiser Bar & Pub

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Skin Care Clinic Dental Office Pharmacy Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22 ft

Clear height

11

Dock-high doors

1

Drive-in doors

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - Industrial facility combines office space with refrigerated storage and multiple loading access points.

Where is this distribution center located?

The property is located at 82851 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: 118,641 SF distribution facility; Approximately 60,000 SF of cold storage; no freezer; 8,561 SF of office space