1275-1275 Montalvo WayPalm Springs, CA 92262

  • Industrial properties
  • 13,326 SF
For Sale
$1,999,900 View listing

Property Details for 1275-1275 Montalvo Way

Year built
1982
Lot size
1.06 AC
Property size (Sq ft)
13,326 SF
Property type
Industrial properties
Property subtype
Other warehouses

Description

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.

1275-1275 Montalvo Way, Palm Springs, California

Location Insight

City
Palm Springs
County
Riverside
State
California
Latitude
33.8397
Longitude
-116.51

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