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68945 Perez Rd 29,416 SF 77% Leased Industrial Building Cathedral City, CA 92234 $9,608,375 CAD ($326.64 CAD/SF) 8.66% Cap Rate
INVESTMENT HIGHLIGHTS
- Adjacent to Dunn Edwards Paints and anchored by Caliber Collision.
- Assumable interest-only financing, fixed until Feb-2028 at 4%, then 4.5% interest only until Feb-2033, creating a 14.79% cash-on-cash return.
- Prime location in the Perez Road corridor, a thriving business district known as a design and art hub for over 30 years.
- 8.66% in-place cap rate
- Existing Tenant Caliber Collision is a National Credit Tenant (10,913 SF) who has been at the property since 1995.
- Quality concrete construction building with upgraded facade and concrete parking lot.
EXECUTIVE SUMMARY
68945 Perez Rd. is located in Cathedral City, CA, part of the greater Coachella Valley submarket adjacent to the city of Palm Springs. The property is part of the Perez Road corridor adjacent to Highway 111, the main thoroughfare connecting all nine Coachella Valley cities. The property is located near the Perez Road and Date Palm Drive intersection and adjacent to Dunn Edwards Paint. In addition, the property is surrounded by various showrooms, light industrial-related uses, offices, and retail, including the new Agua Caliente Casino, located only one block away! Perez Road in Cathedral City has been known to be a design/art hub for over 30 years.
SALE DESCRIPTION:
68945 Perez Road is a multi-tenant NNN industrial investment with a national credit tenant, Caliber Collision, who has occupied 1/3 of the property since 1995. The property offers a 8.66% in-place cap rate at the listing price. It also provides available assumable interest-only financing fixed at 4% until February 2028, adjusting to 4.5% through January 2033 when it is due.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$832,030
|
$28.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $832,030 |
| Annual Per SF | $28.28 |
PROPERTY FACTS
| Price | $9,608,375 CAD | Lot Size | 1.72 AC |
| Price Per SF | $326.64 CAD | Rentable Building Area | 29,416 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.66% | Year Built/Renovated | 1989/2023 |
| Sale Condition | 1031 Exchange | Parking Ratio | 2.58/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Property Subtype | Showroom | No. Drive In / Grade-Level Doors | 8 |
| Building Class | A | Opportunity Zone |
Yes
|
| Zoning | I-1 - Light Industrial | ||
| Price | $9,608,375 CAD |
| Price Per SF | $326.64 CAD |
| Sale Type | Investment |
| Cap Rate | 8.66% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | A |
| Lot Size | 1.72 AC |
| Rentable Building Area | 29,416 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1989/2023 |
| Parking Ratio | 2.58/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 8 |
| Opportunity Zone |
Yes |
| Zoning | I-1 - Light Industrial |
AMENITIES
- 24 Hour Access
- Signage
- Skylights
- Monument Signage
- Air Conditioning
UTILITIES
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
- -
- Triple Net
- Nov 2025
Founded in 1997, Caliber has grown to hundreds of centers nationwide and features a range of automotive services, including Caliber Collision, one of the nation’s largest auto collision repair providers across dozens of states and Caliber Auto Glass for glass repair and replacement. With the Purpose of "Restoring the Rhythm of Your Life®", Caliber’s thousands of teammates are committed to getting customers back on the road safely — and back to the rhythm of their lives — every day. Dedicated to providing an outstanding customer experience, Caliber continues to rank among the highest customer satisfaction scores in the industry.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | - | - | Triple Net | Nov 2025 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Unit 4 has significant frontage on Perez Road with 8 (ft) glass windows that look onto the showroom portion of the space. The front doors to the space face the parking lot. The Unit has one interior room that can be used as an office and two restrooms. The warehouse space is carpeted and can be used as additional showroom space or converted back into warehouse. The space also consists of one roll-up and a man door in the rear. Unit 4 can be combined with Units 1, 2, and 3 if additional space is needed.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 4 | 6,748 SF | Industrial | Shell Space | Now |
1st Fl - 4
| Size |
| 6,748 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl - 4
| Size | 6,748 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
Unit 4 has significant frontage on Perez Road with 8 (ft) glass windows that look onto the showroom portion of the space. The front doors to the space face the parking lot. The Unit has one interior room that can be used as an office and two restrooms. The warehouse space is carpeted and can be used as additional showroom space or converted back into warehouse. The space also consists of one roll-up and a man door in the rear. Unit 4 can be combined with Units 1, 2, and 3 if additional space is needed.
PROPERTY TAXES
| Parcel Number | 687-330-027 | Improvements Assessment | $6,509,209 CAD (2025) |
| Land Assessment | $1,627,302 CAD (2025) | Total Assessment | $8,136,511 CAD (2025) |
PROPERTY TAXES
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68945 Perez Rd
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