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    340 Farrell Dr Palm Springs, CA 92262

    Sponsored
    For Lease
    $28 SF/Yr

    Executive & Medical Suites, Prime Location

    Lot size:
    67,635 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Abbey Center, located at 340 S Farrell Dr, Palm Springs, CA 92262, offers a unique investment opportunity in the thriving Palm Springs submarket of Riverside County. This Class B office complex comprises three buildings totaling 67,635 square feet, featuring 2-story structures with a minimum divisible space of 431 square feet and currently 1,127 square feet vacant. Built in 1982, the property sits on 4.61 acres of land and boasts ample parking (4.6 spaces per 1,000 square feet) and elevators. The property is zoned P (Professional Zone District) and enjoys excellent visibility at the intersection of Ramon Road and South Farrell Drive, two major Palm Springs thoroughfares. Its strategic location offers easy access to Palm Springs International Airport (within one mile) and the I-10 Freeway (10 minutes away), providing convenient access to the entire Coachella Valley. The Abbey Center is ideally situated near a variety of amenities, including restaurants, shops, golf courses, hiking trails, and hotels. The property is suitable for both executive and medical office uses, offering multiple tenancy options. This presents a compelling opportunity to acquire a well-located, established office complex in a high-demand area.

    Property Features for 340 Farrell Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    67,635 SF
    Class
    B
    Total Rate
    158942.25

    Building Details

    Year Built
    1982
    Buildings
    3
    Stories
    2

    Unit(s) available at that property

    Space
    490 S Farrel Dr-Suite C-203
    Size
    2,045 SF
    Space
    490 S Farrel Dr-Suite C-200
    Size
    2,350 SF
    Space
    340 S. Farrel Dr | A112
    Size
    876 SF
    Space
    490 S Farrel Dr-Suite C-207
    Size
    2,350 SF
    Space
    340 S. Farrell Dr | A200
    Size
    918 SF
    Rate per SF
    $29
    Space
    490 S Farrel Dr-Suite C-107
    Size
    1,166 SF
    Rate per SF
    $28

    HighLights

    • Elegant, institutional‑quality office and medical complex in Palm Springs with three two‑story multi‑tenant buildings.
    • High‑visibility location at Ramon Road and South Farrell Drive intersection.
    • Newly remodeled suites available for immediate lease.
    • Full‑service lease rates include HVAC, electric, and janitorial services (normal building hours), plus base year operating expenses.
    • On‑site leasing and property management teams.
    • Beautifully landscaped grounds.
    Property Profile Location Intelligence

    Current Use by Public Records

    Clapper Michael J ... Dentist Karl T. Anderson ... Accountant Dr. Marvin H. ... Family Practice Physician Nazareth Ivor J ... Neurologist MSLA Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.5175756
    Latitude
    33.8181015

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    FAQs

    What type of property is this?
    Medical office - Executive & Medical Suites, Prime Location
    Where is this medical office located?
    The property is located at 340 Farrell Dr Palm Springs, CA.
    What is the lease rate?
    The lease rate is $0.00-$29 SF/Yr.
    What are key features of this property?
    This property features: Elegant, institutional-quality office and medical complex in Palm Springs with three two-story multi-tenant buildings.; High-visibility location at Ramon Road and South Farrell Drive intersection.; Newly remodeled suites available for immediate lease.
    Request Owner's contact information
    340 Farrell Dr Palm Springs, CA 92262
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    Palm Springs, CA 92262
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    340 Farrell Dr Palm Springs, CA 92262
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