For Sale
$16,105,000
64640 19Th Ave Desert Hot Springs, CA 92240
60,000 SF PODS facility; 6% Cap Rate
Overview
- Added:
- Jan 24
- Days on market:
- 92
Highlights
- $16,105,000 asking price for a 60,000 square foot Class A industrial warehouse.
- Net lease with a corporate guarantee from PODS, a national leader in portable storage. 10-year lease commencing October 1, 2024, with 3% annual rent increases and two 5-year options.
- 6.00% cap rate, generating $966,305 in net operating income (NOI). $268.42 price per square foot.
- New construction (2024) with 28-foot clear heights, one loading dock, and two dock-high doors. Located on a 4.86-acre lot in Desert Hot Springs, CA.
- Strategically located near Interstate 10 and a future Amazon distribution center. Benefits from eastward industrial development in Desert Hot Springs.
- 1031 exchange eligible.
Property Details for 64640 19Th Ave
- Property type
- Warehouses, Industrial properties
- Square Feet
- 60,000 SF
- Class
- A
- Year Built
- 2024
- Buildings
- 1
- Lot Size (sq. ft)
- 211,702 SF
Location Insight
- City
- Desert Hot Springs
- County
- Riverside
- State
- California
- Latitude
- 33.910979679102
- Longitude
- -116.53665532709
Nearby Similar for Sale
FAQs
- What type of property is this?
- Warehouse - 60,000 SF PODS facility; 6% Cap Rate
- Where is the warehouse located?
- The property is located at 64640 19Th Ave Desert Hot Springs, CA.
- What is the asking price?
- The asking price for this property is $16,105,000.
- What are key features of this property?
- This property features: $16,105,000 asking price for a 60,000 square foot Class A industrial warehouse.; Net lease with a corporate guarantee from PODS, a national leader in portable storage. 10-year lease commencing October 1, 2024, with 3% annual rent increases and two 5-year options.; 6.00% cap rate, generating $966,305 in net operating income (NOI). $268.42 price per square foot.
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