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    71687 Ca-111

    Rancho Mirage, CA 92270
    • $3,395,000
    • STATUS: Active
    • ON SITE: 51 days
    • MLS #: 219046800
    UPDATED: 39 min ago
    $3,395,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2009
    County:

    School Ratings & Info

    Description

    Trophy Office Building in Rancho Mirage. NNN Investment with excellent stabilized tenants. Shows pride of ownership inside and out with significant tenant improvements invested. Great mid-valley location across from The River Development with many fine restaurants , entertainment and shopping. Note there a few tenants that have Caps on the Common area maintenance so at this time Net Operating Income is after $2,220 of unfunded Cam charges. That gap can be closed within a year or two with written Cam increases. Also unit 103 is currently vacate but with proposals (call listing agent for update). Owner will consider financing. Great buy at only $223 psf for this kind of quality!

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    ©2020 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Agency Inc. Based on information from the California Desert Association of Realtors as of 2020-09-19T14:35:37.823. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.haciendagroupinc.com/homes/108327112
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    71687 Ca-111 Rancho Mirage, CA 92270

    • Price: $3,395,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 219046800
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    2009
    Built
    Neighborhood:
    321 - Rancho Mirage
    County:
    Riverside
    Area:
    321 - Rancho Mirage
    Property Description
    Trophy Office Building in Rancho Mirage. NNN Investment with excellent stabilized tenants. Shows pride of ownership inside and out with significant tenant improvements invested. Great mid-valley location across from The River Development with many fine restaurants , entertainment and shopping. Note there a few tenants that have Caps on the Common area maintenance so at this time Net Operating Income is after $2,220 of unfunded Cam charges. That gap can be closed within a year or two with written Cam increases. Also unit 103 is currently vacate but with proposals (call listing agent for update). Owner will consider financing. Great buy at only $223 psf for this kind of quality!
    Exterior Features

    Lot Features Sprinkler System Total Parking Spaces 0.00

    Interior Features

    Cooling Yes Heating Yes Heating Type Forced Air Office Sqft 15282.0000

    Property Features

    Asset Class Office Building Name Swan Plaza Business Info Financing Available Yes Business Info Investment Property Yes Cross Streets Dunes View Financing Details CashOwner May CarryOwner Will Carry Income Effective Gross 237860.00 Income Net Profit 237860.00 Land Use Office Listing Terms CashConventionalOwner May Carry Property Sub Type Own Your Own Sale Type Standard Water In StreetMeter On PropertyWater District

    Listing information © 2020 California Desert Association of Realtors.
    Listing provided courtesy of Scott Lyle of Compass.
    ©2020 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Agency Inc. Based on information from the California Desert Association of Realtors as of 2020-09-19T14:35:37.823. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253