49869 Calhoun St Coachella, CA 92236
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$23M, 41K SF, 100% Occupied
Property size:
41,092 SFProperty Features for 49869 Calhoun St
General Information
- Property type
- Medical offices
- Square Feet
- 41,092 SF
- Class
- A
- Lot Size
- 109,336 SF
Building Details
- Year Built
- 2022
- Buildings
- 1
- Stories
- 2
Listing Agency: Desert Pacific Properties Listing Agent: Susan Harvey
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Exceptional investment opportunity: a 41,092 square foot, Class A medical office building in Coachella, CA. This 2-story, newly constructed (2022) building boasts a 100% occupancy rate with a strong, single-tenant net lease to DAP Health, commencing May 1, 2022. The lease features a 10-year term with attractive 2% annual rent increases, ensuring a stable and growing income stream. The property sits on a 2.51-acre lot and includes ample parking. The building offers first-class tenant improvements and is elevator-served. With a 6.01% cap rate and a price per square foot of $559.72, this presents a compelling return on investment. The property is zoned for commercial use and features a modern design, making it an ideal asset for long-term growth. The APN is 612-280-025. This is a rare opportunity to acquire a high-quality, net-leased medical office building in a rapidly growing market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Coachella Pharmacy
Pharmacy
Coachella Valley Community ...
Medical Clinic
Borrego Health, CV ...
Pediatrician
Location Insight
- Map
- Local Demand
- City
- Coachella
- County
- Riverside
- State
- California
- Longitude
- -116.20778233111
- Latitude
- 33.686209654713
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FAQs
What type of property is this?
Medical office - $23M, 41K SF, 100% Occupied
Where is this medical office located?
The property is located at 49869 Calhoun St Coachella, CA.
What is the asking price?
The asking price for this property is $23,000,000.
What are key features of this property?
This property features: $23,000,000 asking price for a Class A, 41,092 square foot medical office building.; Net lease investment with a 6.01% cap rate.; 100% occupancy with DAP Health as the single tenant, under a 10-year NNN lease with 2% annual rent increases, commencing May 1, 2022.