For Sale
$1,999,900

1275-1275 Montalvo Way Palm Springs, CA 92262

13,326 SF Warehouse, $1.99M

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 13,326-square-foot warehouse, situated on a 1.059-acre lot in Palm Springs, CA (92262), presents a compelling investment opportunity. The property, located at 1275 Montalvo Way, boasts a prime location adjacent to Palm Springs International Airport, offering convenient access and high visibility. Built in 1982 and zoned M1P, the single-unit warehouse features ample parking surrounding the entire building. The interior includes both office space and substantial warehouse space with high ceilings, ideal for various industrial uses. A loading dock with ample clearance accommodates semi-trucks. Currently 100% occupied by a national corporate tenant under a modified lease with a corporate guarantee, ensuring consistent income. The lease commenced March 1, 2023, with a five-year term, leaving approximately 3.3 years remaining until February 29, 2028. The asking price is $1,999,900, translating to $198.11 per square foot. The property's APN is 677-461-001. This is a rare chance to acquire a well-located, income-producing industrial asset in a thriving market. The substantial size, excellent location, and strong tenant occupancy make this a highly attractive investment.

Highlights

  • 13,326 SF warehouse on a 1.059-acre lot in Palm Springs, CA (92262).
  • Prime location adjacent to Palm Springs International Airport.
  • Single-story building, built in 1982, zoned M1P, with ample parking.
  • Features office space, high-ceiling warehouse space, and a loading dock accommodating semi-trucks.
  • 100% occupied by a national corporate tenant under a modified lease with corporate guarantee; 3.3 years remaining on a 5-year lease (commenced March 1, 2023).
  • Asking price: $1,999,900 ($198.11/SF). APN: 677-461-001.

Property Details for 1275-1275 Montalvo Way

Property type
Warehouses, Industrial properties
Square Feet
13,326 SF
Year Built
1982
Lot Size (sq. ft)
46,130 SF
Units
1

Location Insight

City
Palm Springs
County
Riverside
State
California
Latitude
33.8397431
Longitude
-116.5101867

FAQs

What type of property is this?
Warehouse - 13,326 SF Warehouse, $1.99M
Where is the warehouse located?
The property is located at 1275-1275 Montalvo Way Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: 13,326 SF warehouse on a 1.059-acre lot in Palm Springs, CA (92262).; Prime location adjacent to Palm Springs International Airport.; Single-story building, built in 1982, zoned M1P, with ample parking.
How can I contact the broker?
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1275-1275 Montalvo Way
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