Current Use by Public Records
- Lifestyle centers
Property Details for 82590 Ca-111
- Year built
- 2006
- Lot size
- 0.68 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional multi-tenant retail property, totaling 9,000 square feet, presents a compelling investment opportunity in Indio, California. Located at 82590 CA-111, this property boasts 100% occupancy across nine units within two single-story buildings, constructed in 2006. The property sits on a 0.68-acre lot and benefits from excellent visibility on Highway 111, a high-traffic area. Its strategic location is directly across from the Riverside County Fairgrounds and near the Indio Grand Marketplace, a significant redevelopment project. The property's zoning is MUC-Hwy 111 SP (111 Corridor Specific Plan), and its APN is 611-201-005. The asking price is $2,406,690, representing a compelling $267.41 per square foot and a 5.62% capitalization rate. The property's strong performance is further enhanced by its location in an Opportunity Zone, offering potential tax advantages. Indio's rapid growth, fueled by its status as the "City of Festivals," attracting over one million visitors annually for events like Coachella and Stagecoach, makes this a particularly attractive investment. The property is currently fully leased under a modified lease agreement. Please note that tenants should not be disturbed.
Value Estimations
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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
