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42575 Melanie Pl 20,000 SF 100% Leased Office Building Palm Desert, CA 92211 $5,793,068 CAD ($289.65 CAD/SF) 6.02% Cap Rate



EXECUTIVE SUMMARY
The project is 100% occupied with a diverse and stable tenant roster, featuring many long-term occupants on extended leases—offering investors immediate cash flow and dependable income stability.
Tenants benefit from a professional campus environment, ample parking, and convenient access to major arterials including I-10, Cook Street, and Hovley Lane. The buildings feature modern office layouts, attractive architecture, and well-maintained common areas that reflect pride of ownership.
This asset represents a prime, turn-key investment opportunity in one of the Coachella Valley’s strongest office markets—ideal for both private and institutional investors seeking steady returns and long-term value appreciation.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$437,286
|
$21.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$437,286
|
$21.86
|
| Taxes |
$27,758
|
$1.39
|
| Operating Expenses |
$60,822
|
$3.04
|
| Total Expenses |
$88,580
|
$4.43
|
| Net Operating Income |
$348,706
|
$17.44
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $437,286 |
| Annual Per SF | $21.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $437,286 |
| Annual Per SF | $21.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,758 |
| Annual Per SF | $1.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $60,822 |
| Annual Per SF | $3.04 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $88,580 |
| Annual Per SF | $4.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $348,706 |
| Annual Per SF | $17.44 |
PROPERTY FACTS
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
President and CEO founded California Design in 1990 with a expert employee team to serve the needs of the window and door replacement market, with a manufacturing facility in Riverside California providing oak, mahogany and douglas fir windows and doors through out Southern California. In 1995 per the market trends Mr. Nelson selected vendors meeting the companies standards for performance and good customer relations to supply maintenance free energy efficient Green technology products direct to California Design so they could operate as wholesale distributor and installation company. Only the best companies remain as suppliers thru the company. California Design pioneered this business direct approach for consumer satisfaction. Many other companies try this approach, however the other companies do not have the expertise to manage their own installation crews and employees which is why checking a license for the number of years in business is so important. For over 26 years in this ind
- Caring hands of the Desert
- Health Care and Social Assistance
- 1,000 SF
- $23.45 CAD
- Modified Gross
- Feb 2026
- Comeback Investments
- Finance and Insurance
- 1,500 SF
- $22.11 CAD
- Modified Gross
- Mar 2026
- Life Saving Certified
- Educational Services
- 1,000 SF
- $22.61 CAD
- Modified Gross
- Jun 2026
- Matrix Fit
- Arts, Entertainment, and Recreation
- 2,000 SF
- $18.93 CAD
- Modified Gross
- Aug 2026
- O'Living Theory
- Construction
- 2,500 SF
- $20.10 CAD
- Modified Gross
- Mar 2027
- Perfect Pint
- -
- 1,000 SF
- $25.13 CAD
- Modified Gross
- Jun 2024
Platinum Landscape Inc. was founded in 2002 with the passion of delivering quality landscape services throughout Southern California. Platinum Landscape has been dedicated to its highly professional team, with a distinct approach to customer service. Platinum Landscape thrives to bring the highest standards of professionalism, service, and quality to every job. It is our mission to provide and maintain long-term partnerships while providing clients with high standards and value to any size project. We focus on providing the very best Service & Value, while promoting safety, honesty, and teamwork for our employees.
- Ruby Ring Inc.
- Finance and Insurance
- 4,000 SF
- $20.94 CAD
- Modified Gross
- Jun 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Retailer | 2,000 SF | $21.94 CAD | Modified Gross | Dec 2026 | |
| Caring hands of the Desert | Health Care and Social Assistance | 1,000 SF | $23.45 CAD | Modified Gross | Feb 2026 | |
| Comeback Investments | Finance and Insurance | 1,500 SF | $22.11 CAD | Modified Gross | Mar 2026 | |
| Life Saving Certified | Educational Services | 1,000 SF | $22.61 CAD | Modified Gross | Jun 2026 | |
| Matrix Fit | Arts, Entertainment, and Recreation | 2,000 SF | $18.93 CAD | Modified Gross | Aug 2026 | |
| O'Living Theory | Construction | 2,500 SF | $20.10 CAD | Modified Gross | Mar 2027 | |
| Perfect Pint | - | 1,000 SF | $25.13 CAD | Modified Gross | Jun 2024 | |
|
Services | 4,000 SF | $23.45 CAD | Modified Gross | Aug 2029 | |
| Ruby Ring Inc. | Finance and Insurance | 4,000 SF | $20.94 CAD | Modified Gross | Jun 2030 |
PROPERTY TAXES
| Parcel Number | 634-260-031 | Total Assessment | $1,959,344 CAD (2025) |
| Land Assessment | $762,947 CAD (2025) | Annual Taxes | $27,758 CAD ($1.39 CAD/SF) |
| Improvements Assessment | $1,196,396 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
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42575 Melanie Pl
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