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1321 N Gene Autry Trl 17,165 SF Specialty Building Offered at $4,274,062 CAD at a 6.50% Cap Rate in Palm Springs, CA 92262
Investment Highlights
- Seller lease-back of 5,000 SF being offered at $1.25/SF/mo. plus NNN ($6,250 base rent/mo.).
- Value of vacant 12,165 SF totals $1,971,153.85 ($162.03/SF).
- Prime Palm Springs location which fronts on North Gene Autry Trail with convenient access to Interstate 10.
- 6.5% cap rate for seller lease-back portion totals value of $1,153,846.15 ($230.76/SF).
- 29.12% leased at time of sale with seller lease-back.
- Abundant parking with 84 parking stalls.
Executive Summary
Located at 1321 N Gene Autry Trail, Palm Springs, CA, this 17,165 SF building offers a unique investment opportunity with a seller lease-back arrangement. The seller will lease back 5,000 SF at $1.25/SF/mo. plus NNN, generating $6,250/month in base rent at a 6.5% cap rate, valuing this portion at $1,153,846.15 ($230.76/SF). The remaining 12,165 SF, currently vacant, is valued at $1,971,153.85 ($162.03/SF), providing an excellent SBA owner-user opportunity. The property sits on a 2.67-acre lot with 84 parking stalls (1.6/1,000 SF), and is zoned M-1P (Planned Research & Development Park Zone) in the highly desirable Coachella Valley sub-market. Built in 1980, this building boasts prime frontage on North Gene Autry Trail with convenient access to Interstate 10, making it a strategic choice for both investors and users. Asking price is $3,125,000 ($182.05/SF).
Property Facts
| Price | $4,274,062 CAD | Building Class | B |
| Price Per SF | $249.00 CAD | Lot Size | 2.67 AC |
| Sale Type | Investment or Owner User | Building Size | 17,165 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built | 1980 |
| Property Type | Specialty | Parking Ratio | 3.73/1,000 SF |
| Property Subtype | Movie/Radio/TV Studio | ||
| Zoning | M1P, Palm Springs - Planned Research & Development Park Zone | ||
| Price | $4,274,062 CAD |
| Price Per SF | $249.00 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.50% |
| Sale Condition | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Movie/Radio/TV Studio |
| Building Class | B |
| Lot Size | 2.67 AC |
| Building Size | 17,165 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 3.73/1,000 SF |
| Zoning | M1P, Palm Springs - Planned Research & Development Park Zone |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 677-461-015 | Improvements Assessment | $3,026,851 CAD |
| Land Assessment | $2,036,912 CAD | Total Assessment | $5,063,763 CAD |
Property Taxes
Parcel Number
677-461-015
Land Assessment
$2,036,912 CAD
Improvements Assessment
$3,026,851 CAD
Total Assessment
$5,063,763 CAD
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