82632 Ca-111 Indio, CA 92201

This exceptional investment opportunity presents a fully renovated, 4,642 square foot office building situated on a 0.22-acre lot in Indio, California. The property boasts a prime location on Highway 111, directly across from the County Fairgrounds, Coachella Valley, and the courthouse, ensuring high visibility and accessibility. Currently 100% occupied by three tenants, this multi-tenant building offers strong cash flow and long-term stability. The building underwent a comprehensive $400,000 renovation, both inside and out. Two major tenants occupy 3,481 square feet under long-term, triple-net (NNN) leases expiring in January 2034, with options to extend and a 3% annual cost-of-living increase. These leases are fully guaranteed. One tenant is a multi-unit marijuana dispensary paying $15,000 per month, and the other is a multi-unit smoke shop paying $5,000 per month. A third tenant occupies 1,160 square feet on a month-to-month gross lease, paying $1,680 per month. The property's strong tenant base, coupled with its strategic location and recent renovations, makes it an ideal investment with a current net operating income (NOI) of $236,160 and an attractive 11.81% capitalization rate. The property is zoned C2 and features one single-story building constructed in 1985. The asking price is $2,000,000. This presents a compelling opportunity for investors seeking a high-return, multi-tenant commercial property in a thriving location.