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Former Union Bank 71950 Hwy 111 2,287 - 7,096 SF of Retail Space Available in Rancho Mirage, CA 92270
HIGHLIGHTS
- 7,096 SF former bank/wealth management space. Will divide with a minimum of 1,500 SF.
- Adjacent to The River at Rancho Mirage, a 230,000 SF entertainment, restaurant, and retail center. Prime Central Valley location
- Extremely visible signage at the major intersection of Highway 111 and Bob Hope Drive with 67,500 CPD
- Serving the affluent communities of Rancho Mirage and Palm Desert with average income levels of $103,046
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 4,809 SF | Negotiable | $35.73 CAD/SF/YR $2.98 CAD/SF/MO $171,829 CAD/YR $14,319 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 2 | 2,287 SF | Negotiable | $35.73 CAD/SF/YR $2.98 CAD/SF/MO $81,716 CAD/YR $6,810 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1
Former Union Bank
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 7,096 SF of adjacent space
- Anchor Space
- Central Air Conditioning
- Kitchen
- Private Restrooms
- Security System
- Closed Circuit Television Monitoring (CCTV)
- High Ceilings
1st Floor, Ste 2
Former bank wealth management side. Office Buildout.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Financial Services Office
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 7,096 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 7,096 SF | Gross Leasable Area | 7,096 SF |
| Property Type | Retail | Year Built | 1994 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 4.93/1,000 SF |
| Total Space Available | 7,096 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 7,096 SF |
| Year Built | 1994 |
| Parking Ratio | 4.93/1,000 SF |
ABOUT THE PROPERTY
LOCATION DESCRIPTION: The former Union Bank building is located on the prime corner of Highway 111 and Bob Hope Drive in Rancho Mirage, right in the center of the Coachella Valley. With 67,500 cars passing by every day, this location is highly visible and easily accessible. The building boasts a prominent position on the corner and features ample parking for customers. Surrounded by other commercial and retail establishments, this location is perfect for businesses looking to capitalize on heavy foot and vehicle traffic. Additionally, the building's unique architecture and prominent location make it an iconic landmark in the area. LEASE DESCRIPTION: This 2-unit former bank building is a unique and spacious commercial property. The building boasts two separate units, each with its own entrance, or one tenant can occupy the entire building. The interior of the building features high ceilings, large windows throughout, and plenty of natural light, creating a bright and inviting atmosphere. The exterior of the building has a modern and elegant design that gives it a distinguished look.
- Banking
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Monument Signage
- Fiber Optic Internet
NEARBY MAJOR RETAILERS
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Former Union Bank | 71950 Hwy 111
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