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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

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EXECUTIVE SUMMARY

Discover a rare opportunity to acquire a 20,000 square foot multi-tenant office park ideally situated at 42575 Melanie Place in Palm Desert, California. This impeccably maintained property consists of three single-story office buildings, thoughtfully designed and set on 1.2 acres within the desirable Cook Street Service Industrial Zone.
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

Sale Type
Investment
Property Type
Office
Building Size
20,000 SF
Building Class
C
Year Built
1986
Price
$5,793,068 CAD
Price Per SF
$289.65 CAD
Cap Rate
6.02%
NOI
$348,706 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,000 SF
Slab To Slab
12’
Building FAR
0.38
Lot Size
1.22 AC
Zoning
SI - Service Industrial
Parking
56 Spaces (2.8 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 2,000 SF
  • $21.94 CAD
  • Modified Gross
  • Dec 2026

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
  • Services
  • 4,000 SF
  • $23.45 CAD
  • Modified Gross
  • Aug 2029

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

PROPERTY TAXES

Parcel Number
634-260-031
Land Assessment
$762,947 CAD (2025)
Improvements Assessment
$1,196,396 CAD (2025)
Total Assessment
$1,959,344 CAD (2025)
Annual Taxes
$27,758 CAD ($1.39 CAD/SF)
Tax Year
2024
  • Listing ID: 37962753

  • Date on Market: 2025-10-06

  • Last Updated:

  • Address: 42575 Melanie Pl, Palm Desert, CA 92211

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