82632 Ca-111 Indio, CA 92201
- Office Properties & Spaces
- 4,642 SF
- 0.22 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 82632 Ca-111
- Year built
- 1985
- Lot size
- 0.22 lot acres
- Property size
- 4,642 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indio
- County
- Riverside
- State
- California
- Longitude
- -116.223
- Latitude
- 33.7149
