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49869 Calhoun St Coachella, CA 92236

Sponsored
For Sale
$23,000,000

$23M, 41K SF, 100% Occupied

Property size:
41,092 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
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 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

HighLights

  • $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.
  • New construction (2022), two‑story building on a 2.51‑acre lot in Coachella, CA.
  • Located at 49869 Calhoun St, Coachella, CA 92236.
Property Profile Location Intelligence

Current Use by Public Records

Coachella Pharmacy Pharmacy Coachella Valley Community ... Medical Clinic Borrego Health, CV ... Family Practice Physician

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Coachella
County
Riverside
State
California
Longitude
-116.20778233111
Latitude
33.686209654713

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.
More about this property
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