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    71687 Ca-111

    Rancho Mirage, CA 92270
    • $3,195,000
    • STATUS: Active Under Contract
    • ON SITE: 217 Days
    • MLS #: 219058986
    Under Contract
    UPDATED: 47 min ago
    $3,195,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2009
    County:

    School Ratings & Info

    Description

    Trophy Office Building in Rancho Mirage. Perfect for user who wants income to pay debt and operating expenses. Upstairs is fully leased to Medical and Tax account tenants that asked for no COVID concessions. Downstairs of approx. 7641 sq. ft is divided into 3 spaces with substantial tenant improvements. Could be all one use or rent out one or two of the spaces . Very flexible. Cap rate is based on fully leased. Built in 2009 and designed by famed architectural firm Priest Vusic the design is both striking and functional. Featuring a doomed metal roof that requires virtually no maintenance. Shows pride of ownership inside and out with significant tenant improvements invested. The suites have nice views and are very attractive. Elevator for 2nd floor. 44 Parking spaces plus 2 ADA parking. Attractive location for tenants in a mid-valley location across from The River Development with many fine restaurants , entertainment and shopping. Selling under cost if replacement at only $209 psf for this kind of quality. Excellent income and return.

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    ©2021 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sandi Phillips Team | Compass. Based on information from the California Desert Association of Realtors as of 2021-10-21T06:35:22.037. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.desertarealuxuryhomes.com/homes/115202284
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    71687 Ca-111 Rancho Mirage, CA 92270

    • Price: $3,195,000
    • Status: Active Under Contract
    • Updated: 47 min ago
    • MLS #: 219058986
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    2009
    Built
    Neighborhood:
    321 - Rancho Mirage
    County:
    Riverside
    Area:
    321 - Rancho Mirage
    Property Description
    Trophy Office Building in Rancho Mirage. Perfect for user who wants income to pay debt and operating expenses. Upstairs is fully leased to Medical and Tax account tenants that asked for no COVID concessions. Downstairs of approx. 7641 sq. ft is divided into 3 spaces with substantial tenant improvements. Could be all one use or rent out one or two of the spaces . Very flexible. Cap rate is based on fully leased. Built in 2009 and designed by famed architectural firm Priest Vusic the design is both striking and functional. Featuring a doomed metal roof that requires virtually no maintenance. Shows pride of ownership inside and out with significant tenant improvements invested. The suites have nice views and are very attractive. Elevator for 2nd floor. 44 Parking spaces plus 2 ADA parking. Attractive location for tenants in a mid-valley location across from The River Development with many fine restaurants , entertainment and shopping. Selling under cost if replacement at only $209 psf for this kind of quality. Excellent income and return.
    Exterior Features

    Lot Features Sprinkler System Total Parking Spaces 0.00

    Interior Features

    Cooling Yes Heating Yes Heating Type Forced Air Office Sqft 15282.0000

    Property Features

    Asset Class Office Building Name Swan Plaza Business Info Financing Available Yes Business Info Investment Property Yes Cross Streets Dunes View Financing Details CashOwner May CarryOwner Will Carry Income Net Profit 202344.00 Land Use Office Listing Terms CashConventionalOwner May Carry Property Sub Type Office Sale Type Standard Water In StreetMeter On PropertyWater District

    Listing information © 2021 California Desert Association of Realtors.
    Listing provided courtesy of Scott Lyle of Compass.
    ©2021 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sandi Phillips Team | Compass. Based on information from the California Desert Association of Realtors as of 2021-10-21T06:35:22.037. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
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