68945 Perez RdCathedral City, CA 92234

Property Details for 68945 Perez Rd

Year built

1991

Construction

CONCRETE

Lot size

1.72 AC

Property size (Sq ft)

29,232 SF

Property type

Retail properties

Property subtype

Retail space

APN

687-330-027

APU

687330027

Description

This exceptional 29,416-square-foot industrial property, located at 68945 Perez Rd, Cathedral City, CA 92234, presents a unique investment opportunity. Situated in the vibrant Perez Road arts and design corridor, this single-story building boasts a prime location in the Coachella Valley. The property, built in 1999 and renovated in 2023, features a mix of flex, warehouse, and showroom space, ideal for a variety of businesses. Currently, four of the building's eight suites are available, ranging from 3,075 to 18,503 contiguous square feet. The largest contiguous space available is 18,503 square feet. The building features a 17-foot ceiling height and is constructed with concrete exterior and load-bearing walls, ensuring durability and longevity. The ample concrete parking lot complements the high-quality construction. The property sits on 1.72 acres of land and is zoned I-1. Its convenient location, modern amenities, and flexible space make it an attractive option for businesses seeking a well-maintained and strategically located industrial space in Riverside County. The property's address is 68945 Perez Rd, with a cross street of Date Palm Drive, and its APN is 687-330-027. One tenant, Caliber Collision, has occupied part of the building since 1995.

• CAP approach

  CAP return

  Valuation

  6%

  $11,810,180

  6.5%

  $10,901,704

  7%

  $10,123,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,922,435

  Geo Method

  $25,927,744

• Alternative Use

  Use

  Valuation

  Residential

  $9,195,995

  Hospitality

  $8,423,482

  Educational

  $7,008,238

  Medical

  $7,249,262

  Retail

  $10,901,704

Location Insight

City

Cathedral City

County

Riverside

State

California

Latitude

33.7818

Longitude

-116.46

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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