75181 Mediterranean Ave Palm Desert, CA 92211
This exceptional 14,370-square-foot industrial building in Palm Desert, CA, presents a compelling investment opportunity. Located at 75181 Mediterranean Ave, 92211, this single-story, 1987-built structure underwent a complete renovation in 2009. Currently vacant, the property boasts a flexible layout suitable for single or multi-tenant occupancy. Features include a reception area, conference room, eight private offices, a large break room, four restrooms, and ample storage. The warehouse area offers four 12-foot roll-up doors, evaporative coolers, and a 14-foot clear ceiling height. A significant advantage is the inclusion of a solar panel system, reducing operational costs. The property also benefits from Sola-tubes for natural light and a secured yard with motorized gates. The building is zoned SI and allows for rent bumps. The asking price is $2,690,000, translating to $187.20 per square foot. This credit-rated property offers a strong return on investment potential. The property is situated in Riverside County, California.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.