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El Paseo Park Plaza 73200 El Paseo 14,256 SF 100% Leased Retail Building Palm Desert, CA 92260 $8,846,152 CAD ($620.52 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Multi-Tenant NNN Investment
- Located on the Prestigious El Paseo Drive
Executive Summary
Rare Opportunity to Acquire a Fully Leased Trophy Retail Asset on El Paseo
» Premier El Paseo Retail Investment – Opportunity to acquire a fully leased multi-tenant retail property located on Palm Desert’s prestigious El Paseo Drive, the Coachella Valley’s premier luxury retail corridor.
» 100% Leased Stabilized Asset – The property is fully occupied by a healthy mix of boutique retail, dining, and professional tenants, providing stable in-place income.
» Strong In-Place Cash Flow – The property generates approximately $370,862 in NOI, representing a 5.75% cap rate at the asking price.
» NNN Lease Structure – Tenants reimburse operating expenses through a triple net lease structure, reducing landlord management responsibilities.
» Desirable Boutique Retail Environment – Attractive Spanish style architecture with pedestrian-oriented courtyard design that creates a destination retail and dining atmosphere.
» A High Barrier to Entry Market – El Paseo properties rarely trade, providing investors with the opportunity to acquire a long-term generational retail asset.
» Premier El Paseo Retail Investment – Opportunity to acquire a fully leased multi-tenant retail property located on Palm Desert’s prestigious El Paseo Drive, the Coachella Valley’s premier luxury retail corridor.
» 100% Leased Stabilized Asset – The property is fully occupied by a healthy mix of boutique retail, dining, and professional tenants, providing stable in-place income.
» Strong In-Place Cash Flow – The property generates approximately $370,862 in NOI, representing a 5.75% cap rate at the asking price.
» NNN Lease Structure – Tenants reimburse operating expenses through a triple net lease structure, reducing landlord management responsibilities.
» Desirable Boutique Retail Environment – Attractive Spanish style architecture with pedestrian-oriented courtyard design that creates a destination retail and dining atmosphere.
» A High Barrier to Entry Market – El Paseo properties rarely trade, providing investors with the opportunity to acquire a long-term generational retail asset.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,256 SF
Building Class
C
Year Built/Renovated
1970/2019
Price
$8,846,152 CAD
Price Per SF
$620.52 CAD
Cap Rate
5.75%
NOI
$508,654 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.81 AC
Zoning
C1SP
Frontage
138’ on El Paseo
Amenities
- Signalized Intersection
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 627-192-024 | Improvements Assessment | $1,948,428 CAD |
| Land Assessment | $1,318,351 CAD | Total Assessment | $3,266,779 CAD |
Property Taxes
Parcel Number
627-192-024
Land Assessment
$1,318,351 CAD
Improvements Assessment
$1,948,428 CAD
Total Assessment
$3,266,779 CAD
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El Paseo Park Plaza | 73200 El Paseo
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