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Canyon Plaza Shopping Center 67555 E Palm Canyon Dr 37,895 SF 95% Leased Retail Building Cathedral City, CA 92234 $12,338,733 CAD ($325.60 CAD/SF) 7.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on Palm Canyon Drive (Highway 111) the Desert’s primary traffic artery with traffic counts of over 52,500 cars a day.
- More than 120,000 people within a 5-mile radius of the site with an average household income exceeding $112,000.
- Located across the street from a Target & Trader Joe’s anchored center, the Shops are situated along the main road of the city’s retail corridor.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the Shops at Canyon Plaza, a 37,895 square foot retail center situated on approximately 4.05 acres. The shops are located on Palm Canyon Drive (Highway 111) the desert’s primary traffic artery with traffic counts of over 52,500 cars a day. The project was built in 1981 and has been remodeled by the current ownership.
The Tenant mix is comprised of multiple steady retail and service uses.
The Tenant mix is comprised of multiple steady retail and service uses.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
37,895 SF
Building Class
B
Year Built
1981
Price
$12,338,733 CAD
Price Per SF
$325.60 CAD
Cap Rate
7.55%
NOI
$932,047 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
4.05 AC
Zoning
CC - Commercial
Parking
400 Spaces (10.56 Spaces per 1,000 SF Leased)
Frontage
419’ on E Palm Canyon Dr
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Suite 103 has been newly remodeled with a new bathroom as well as floor to ceiling glass entry doors and windows that create a bright work environment
| Space | Size | Space Use | Position | Available |
| F 103 | 831 SF | Office/Retail | - | Now |
| F113 | 1,200 SF | Office/Retail | - | Now |
F 103
| Size |
| 831 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
F113
| Size |
| 1,200 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
F 103
| Size | 831 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Suite 103 has been newly remodeled with a new bathroom as well as floor to ceiling glass entry doors and windows that create a bright work environment
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
F113
| Size | 1,200 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,877,744 CAD | |
| Land Assessment | $3,227,577 CAD | Total Assessment | $14,105,321 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,227,577 CAD
Improvements Assessment
$10,877,744 CAD
Total Assessment
$14,105,321 CAD
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Canyon Plaza Shopping Center | 67555 E Palm Canyon Dr
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