68945 Perez Rd Cathedral City, CA 92234

This exceptional investment opportunity presents a 29,416-square-foot, multi-tenant industrial property located at 68945 Perez Rd, Cathedral City, CA 92234. The property, built in 1995 and boasting a 100% occupancy rate, features eight units across a single building on a 76,230-square-foot lot. The property benefits from a strong 6.56% cap rate based on a Net Operating Income (NOI) of $521,292, and an asking price of $7,950,000 ($270.26/sq ft and $993,750/unit). Three tenants currently occupy the space, including a national credit-rated tenant, Caliber Collision, who has been a long-term occupant since 1995, leasing 10,913 square feet. The property features a 16-foot ceiling height, 95 parking spaces, and allows for rent bumps. The property is zoned IL and situated in a prime location within the Perez Road corridor, a thriving business district known for its design and art scene for over three decades. Its proximity to Highway 111, the Agua Caliente Casino, and other businesses enhances its desirability. The sale includes the option of assumable interest-only financing, fixed for nine remaining years at 4%, further enhancing the investment's appeal. This stabilized, multi-tenant NNN investment offers a compelling combination of strong cash flow, a desirable location, and a long-term tenant base. The property's quality concrete construction, upgraded facade, and concrete parking lot contribute to its overall value and appeal. This is a rare opportunity to acquire a high-performing industrial asset in a rapidly growing market.