For Sale
$3,895,000

1801 Tahquitz Canyon Way Palm Springs, CA 92262

Class A, 8,968 SF, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Class A, single-story medical office building, totaling 8,968 square feet, presents a compelling investment opportunity in the heart of Palm Springs, California. Built in 2008, this fully occupied (100%) property boasts a desirable location on Tahquitz Canyon Way, a highly visible corridor connecting Palm Springs International Airport to the city center. The building features 50 parking spaces, including 20 covered spaces, providing a generous 5:1 parking ratio. The property sits on a 0.82-acre lot and offers a Net Operating Income (NOI) of $190,000, resulting in a 4.60% cap rate. The asking price is $3,895,000, translating to $434.32 per square foot. This fee-simple ownership opportunity is ideal for investors seeking a stable, high-performing asset in a prime Palm Springs location. The property's address is 1801 E Tahquitz Canyon Way, Building 2, Palm Springs, CA 92262 (APN: 502-161-010). The building's single-story design and ample parking cater perfectly to the needs of medical professionals and their patients. This is a rare opportunity to acquire a fully leased, high-quality asset in a thriving market.

Highlights

  • Highly desirable Tahquitz Canyon Way location, offering convenient access to Palm Springs International Airport and downtown Palm Springs.

Property Details for 1801 Tahquitz Canyon Way

Property type
Office properties, Medical offices
Square Feet
8,968 SF
Class
A
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
35,719 SF

Location Insight

City
Palm Springs
County
Riverside
State
California
Latitude
33.822390300037
Longitude
-116.5261646202

FAQs

What type of property is this?
Office property - Class A, 8,968 SF, 100% Occupied
Where is the office property located?
The property is located at 1801 Tahquitz Canyon Way Palm Springs, CA.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: Highly desirable Tahquitz Canyon Way location, offering convenient access to Palm Springs International Airport and downtown Palm Springs.; ;
How can I contact the broker?
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1801 Tahquitz Canyon Way
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