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73750 El Paseo 5,604 SF 100% Leased Retail Building Palm Desert, CA 92260 $4,187,760 CAD ($747.28 CAD/SF) 5.98% Cap Rate



INVESTMENT HIGHLIGHTS
- Great Shopping District
- Stunning Mountain Backdrop
- Excellent Retail & Restaurants
- Close Proximity to the Zoo & Botanical Gardens
EXECUTIVE SUMMARY
This Building is located on El Paseo within one block of the Gardens Shopping Center which is the center of the El Paseo Shopping District. Discover El Paseo, the Coachella Valley’s premier shopping destination, often referred to as the “Rodeo Drive” of the region. Explore a vibrant array of upscale retailers and delectable dining options, all in one stunning location. Palm Desert is the home of the Living Desert Zoo and Gardens, a combination zoo and botanical garden featuring over 500 animals from 150 species over 80 acres. Palm Desert has metamorphosed from a sandy cove at the foot of the Santa Rosas into a sprawling shopping, entertainment, and recreation mecca. Catch a show at the McCallum Theatre, a state-of-the-art performance venue that has hosted some of the world’s top entertainers, as well as touring Broadway acts; feed a giraffe (#goals) at the wonderfully wild Living Desert Zoo & Gardens, ranked one of the top zoos in the country; let inspiration strike while exploring public art along the city’s famed shopping district, El Paseo; kick it into high gear on the Bump and Grind Trail (the 1,000-foot elevation gain pays off in breathtaking panoramic views); or play a round on an award-winning golf course.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,604 SF
Building Class
B
Year Built
2010
Price
$4,187,760 CAD
Price Per SF
$747.28 CAD
Cap Rate
5.98%
NOI
$250,244 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.24 AC
Zoning
C1SP - Retail Trade
Frontage
52’ on El Paseo
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 627-221-009 | Improvements Assessment | $1,462,524 CAD |
| Land Assessment | $1,625,028 CAD | Total Assessment | $3,087,552 CAD |
PROPERTY TAXES
Parcel Number
627-221-009
Land Assessment
$1,625,028 CAD
Improvements Assessment
$1,462,524 CAD
Total Assessment
$3,087,552 CAD
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73750 El Paseo
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