For Sale
$2,406,690

82590 Ca-111Indio, CA 92201

High-Yield Multi-Tenant Retail

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional multi-tenant retail property, totaling 9,000 square feet, presents a compelling investment opportunity in Indio, California. Located at 82590 CA-111, this property boasts 100% occupancy across nine units within two single-story buildings, constructed in 2006. The property sits on a 0.68-acre lot and benefits from excellent visibility on Highway 111, a high-traffic area. Its strategic location is directly across from the Riverside County Fairgrounds and near the Indio Grand Marketplace, a significant redevelopment project. The property's zoning is MUC-Hwy 111 SP (111 Corridor Specific Plan), and its APN is 611-201-005. The asking price is $2,406,690, representing a compelling $267.41 per square foot and a 5.62% capitalization rate. The property's strong performance is further enhanced by its location in an Opportunity Zone, offering potential tax advantages. Indio's rapid growth, fueled by its status as the "City of Festivals," attracting over one million visitors annually for events like Coachella and Stagecoach, makes this a particularly attractive investment. The property is currently fully leased under a modified lease agreement. Please note that tenants should not be disturbed.

Highlights

  • $2,406,690 asking price for a 9,000 square foot multi-tenant retail building.
  • Located at 82590 CA-111, Indio, CA 92201, offering excellent Highway 111 visibility.
  • Features nine (9) tenants with 100% occupancy in a modified lease structure.
  • Boasts a 5.62% cap rate and a price per square foot of $267.41.
  • Consists of two (2) single-story buildings built in 2006, situated on a 0.68-acre lot (APN: 611-201-005).
  • Located across from the Riverside County Fairgrounds and near the Indio Grand Marketplace redevelopment project.

Property Details for 82590 Ca-111

Property type
Lifestyle centers, Power centers
Square Feet
9,000 SF
Year Built
2006
Buildings
2
Stories
1
Lot Size (sq. ft)
29,621 SF
Units
9

Location Insight

City
Indio
County
Riverside
State
California
Latitude
33.714901139108
Longitude
-116.2234046945
82590 Ca-111, Indio, California

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82590 Ca-111
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