64640 19Th AveDesert Hot Springs, CA 92240

Property Details for 64640 19Th Ave

Year built

2024

Lot size

4.86 AC

Property size (Sq ft)

60,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a 60,000-square-foot Class A warehouse in Desert Hot Springs, CA, currently leased to PODS Enterprises, LLC under a 10-year Net Lease (NNN) agreement commencing October 1, 2024, and expiring September 30, 2034, with two 5-year renewal options. The property boasts a strong 6.00% cap rate based on a Net Operating Income (NOI) of $966,305. The lease includes a corporate guarantee and features 3% annual rent increases, ensuring a stable and growing income stream. Built in 2024, this single-building facility sits on a 4.86-acre lot and offers 28-foot clear heights, one loading dock, and two dock-high doors. The strategic location in Desert Hot Springs provides excellent access to Interstate 10, connecting to major markets like Phoenix and Las Vegas. The property benefits from significant industrial development in the area, including a nearby Amazon facility. This fee-simple ownership offers a compelling opportunity for 1031 exchange investors seeking a secure, high-quality industrial asset with significant long-term growth potential. The property's prime location and strong tenant covenant make it an attractive investment for discerning buyers. The price per square foot is $268.42. The property's APN is 666-360-017.

Location Insight

City

Desert Hot Springs

County

Riverside

State

California

Latitude

33.911

Longitude

-116.537

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