19-486 Newhall St North Palm Springs, CA 92258
- Warehouses
- 7,925 SF
- 0.55 lot acres
Current Use by Public Records
- Warehouses
Property Details for 19-486 Newhall St
- Year built
- 2007
- Lot size
- 0.55 lot acres
- Property size
- 7,925 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fully leased, 7,925 square foot multi-tenant industrial building situated on a 0.55-acre lot in the North Palm Springs Business Center. Built in 2007, the property boasts six individual units, each ranging from approximately 1,200 to 1,500 square feet, and featuring six grade-level loading doors. The building offers a 20% office build-out spread across the units and benefits from a 14-foot clear warehouse height and a sprinkler system. Currently 100% occupied with staggered lease terms and four different tenants, this property provides immediate income and potential upside for a new owner. The rent roll is available upon request. Enjoy excellent freeway visibility and immediate access to the I-10 freeway via Indian Canyon Drive. The property is zoned M-2 within the City of Palm Springs (verification recommended). This is a rare opportunity to acquire a well-maintained, high-performing industrial asset with a strong cap rate of 5.44%.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.541
- Latitude
- 33.9238
