Your email has been sent.
71956 Magnesia Falls Dr 5,000 SF Office Building Rancho Mirage, CA 92270 $2,796,692 CAD ($559.34 CAD/SF) 6% Cap Rate
Investment Highlights
- Fully leased to a long-term medical tenant with a new five-year term and renewal option.
- Modified gross lease with 3% annual rent escalations, providing stable income.
Executive Summary
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
This premier medical retail property is now available for purchase in the heart of Rancho Mirage, offering an exceptional investment opportunity. Set on a spacious 0.55-acre lot, the property features generous parking accommodations and offers stunning views of the surrounding mountains. The established Tenant- Rancho Mirage Eye Care + Optometry, a trusted medical provider with over five years of successful operations at this location and numerous other California locations, recently renewed their commitment with a brand-new 5-year lease and a 5-year option. The lease is structured as a modified gross lease with 3% annual rent escalations, ensuring steady, long-term returns for the new owner.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 5,000 SF | Office/Medical | Full Build-Out | Now |
1st Floor
| Size |
| 5,000 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 5,000 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
This premier medical retail property is now available for purchase in the heart of Rancho Mirage, offering an exceptional investment opportunity. Set on a spacious 0.55-acre lot, the property features generous parking accommodations and offers stunning views of the surrounding mountains. The established Tenant- Rancho Mirage Eye Care + Optometry, a trusted medical provider with over five years of successful operations at this location and numerous other California locations, recently renewed their commitment with a brand-new 5-year lease and a 5-year option. The lease is structured as a modified gross lease with 3% annual rent escalations, ensuring steady, long-term returns for the new owner.
Property Taxes
| Parcel Number | 684-423-002 | Total Assessment | $1,918,574 CAD (2025) |
| Land Assessment | $424,827 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,493,747 CAD (2025) | Tax Year | 2024 |
Property Taxes
Presented by
71956 Magnesia Falls Dr
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.