Log In/Sign Up
Your email has been sent.
One Eleven La Quinta Center 78950 Highway 111 133,312 SF 100% Leased Retail Building La Quinta, CA 92253 $48,806,082 CAD ($366.10 CAD/SF) 6.75% Cap Rate
Investment Highlights
- 98% Occupied | Net Leases | Regional Shopping Center Declarant
- 40-Mile CV Link Pathway | Estimated $1.47B in Economic Impact
- Two Signalized, Hard Corner Intersections | Ample Signage |La Quinta Tennis Gardens (493,000 Visitors) | BNP Paribas Open
- Strong Demographics in 3-Mile Trade Area | Affluent Incomes
- One Eleven La Quinta Center | 6M+ Visitors Annually | Dense Retail Corridor | Kohls Anchor - Top 97th Percentile (Placer)
Executive Summary
SRS Capital Markets is pleased to present the rare opportunity to acquire an irreplaceable and highly successful community center in the affluent community of La Quinta, CA (Coachella Valley MSA). 111 La Quinta Center is located at the strongest intersection of the main retail corridor in the trade area. The offering is made up of 11 parcels spanning across 10.44 acres and consists of three (3) in-line buildings totaling 133,312 SF as part of the approximately 482,607 SF center. Anchor tenants within the center include Stater Bros (NAP) Ross Stores, Hobby Lobby (NAP), Staples, Kohl’s (NAP), Petco, Big 5 Sporting Goods, Five Below, and Daiso. The majority of these retailers are among the strongest performing in the Southern California region. The center continues to be a primary retail destination in Coachella Valley. Additionally, the owner of this portion serves as the declarant of the CC&Rs and will inherit the rights of first offer/refusal to multiple outparcels making it perfect for an assemblage strategy (see page 14 for more details). As of March 2026, ownership has invested $5.46M into the center across façade ($1.16M), roof ($282K), parking lot ($131K), signage ($156K), and tenant improvements ($3.73M), with an additional $558K of 2026 TI scheduled, bringing total capital invested to approximately $6.02M.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
133,312 SF
Building Class
B
Year Built/Renovated
1993/2026
Price
$48,806,082 CAD
Price Per SF
$366.10 CAD
Cap Rate
6.75%
NOI
$3,294,441 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
10.44 AC
Zoning
CR - Regional Commercial
Parking
408 Spaces (3.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $36,795,198 CAD | |
| Land Assessment | $21,917,783 CAD | Total Assessment | $58,712,981 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$21,917,783 CAD
Improvements Assessment
$36,795,198 CAD
Total Assessment
$58,712,981 CAD
Contacts
-
John Redfield -
Christopher Tramontano -
Joe Chichester -
Kyle Zimmer -
SRS Real Estate Partners
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
One Eleven La Quinta Center | 78950 Highway 111
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.