1275-1275 Montalvo WayPalm Springs, CA 92262

Property Details for 1275-1275 Montalvo Way

Year built

1982

Lot size

1.06 AC

Property size (Sq ft)

13,326 SF

Property type

Warehouses

Property subtype

Industrial properties

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.

Location Insight

City

Palm Springs

County

Riverside

State

California

Latitude

33.8397

Longitude

-116.51

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