This exceptional investment opportunity presents a 5,470 square foot, Class B, two-tenant medical building situated on a 26,136 square foot lot in Cathedral City, CA. The property, built in 2000, boasts 100% occupancy with a strong tenant roster. Cathedral City Family Medical Clinic, a well-established practice with a 16-year history at this location, recently signed a four-year lease extension. Coachella Valley Optometry, a regional brand, is on a new 10-year lease, with a projected grand opening in Q4 2024. Both tenants operate under triple-net (NNN) leases, featuring 3% annual rent escalations, minimizing landlord responsibilities. The property enjoys high visibility at a hard corner intersection of major retail arteries, providing excellent access and exposure. It's strategically located as an outparcel to the thriving Cathedral City Marketplace, a 170,000 square foot shopping center anchored by Food4Less, and benefits from over 1.1 million annual visitors. The property offers 30 parking spaces and is conveniently located near Highway 11 and I-10, providing easy access to the Coachella Valley and its significant tourism revenue (over $8 billion annually). The asking price is $2,270,000, representing a 6.00% cap rate and $415 per square foot. The property's proximity to Disney's Cotino mixed-use development further enhances its long-term growth potential. This is a stabilized investment with a proven track record and significant upside. The property's APN is 687440007.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,511,622
6.5%
$1,395,344
7%
$1,295,676
Comparable approach
Method
Valuation
Relative Method
$964,824
Geo Method
$1,935,835
Alternative Use
Use
Valuation
Residential
$1,730,226
Hospitality
$1,584,878
Educational
$1,318,600
Medical
$1,363,948
Retail
$2,051,155
Location Insight
City
Cathedral City
County
Riverside
State
California
Latitude
33.8
Longitude
-116.459
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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