One El Paseo Plaza 3 biens • À vendre 41 081 927 $ CAD • Palm Desert, CA

Newmark and Ocean Properties Development Corporation (“Broker”), as advisors to the Seller, presents One El Paseo Plaza (“OEP” or the “Property”), the Desert’s finest and only Class A, mixed-use development. OEP is located within the demographic and economic heart of the Coachella Valley at the prime intersection of two of the Desert’s most prominent streets – El Paseo Drive and Highway 111.
Currently 87.3% leased, OEP’s high quality, pride of ownership real estate includes two, low-rise Class A office buildings and a single standalone restaurant pavilion set on over 5 acres of impeccably maintained grounds. With a history of attracting top credit tenants from a wide variety of industries, OEP’s stellar rent roll includes Fortune 500 tenants Morgan Stanley and Wells Fargo Advisors, both long term tenants, in addition to a wide variety of well-known local and regional businesses that contribute to the Property’s historical success.
The One El Paseo Plaza offering provides an investor with the rare opportunity to acquire the finest and most recognizable commercial real estate asset in the Desert. This trophy real estate sits on over 5 acres of recently re-zoned land that accommodates highly sought after residential uses, a significantly higher density, and a substantial increase in height limit compared to what is currently utilized by OEP.