73670 El Paseo Palm Desert, CA 92260
Luxury Rolex-leased storefront, Palm Desert.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Strong corporate lease with Rolex USA (parent company of Tourneau/Bucherer).
- Exceptional El Paseo location, surrounded by luxury retailers like Gucci, Louis Vuitton, and Saks Fifth Avenue.
- $6 million interior renovation completed in 2022.
- Cap rate increases to 6.05% in October 2027.
- Initial lease term expires October 2032, with two 5-year renewal options.
Property Details for 73670 El Paseo
- Property type
- Retail properties, Retail space
- Square Feet
- 9,980 SF
- Class
- A
- Year Built/Renovated
- 1999/2003
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 21,780 SF
- Units
- 1
Location Insight
- City
- Palm Desert
- County
- Riverside
- State
- California
- Latitude
- 33.7198530571
- Longitude
- -116.37935420596
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Luxury Rolex-leased storefront, Palm Desert.
- Where is the retail property located?
- The property is located at 73670 El Paseo Palm Desert, CA.
- What is the asking price?
- The asking price for this property is $8,725,000.
- What are key features of this property?
- This property features: Strong corporate lease with Rolex USA (parent company of Tourneau/Bucherer).; Exceptional El Paseo location, surrounded by luxury retailers like Gucci, Louis Vuitton, and Saks Fifth Avenue.; $6 million interior renovation completed in 2022.
- How can I contact the broker?
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