49869 Calhoun StCoachella, CA 92236
- Healthcare properties
- 41,092 SF
Property Details for 49869 Calhoun St
- Year built
- 2022
- Construction
- WOOD
- Lot size
- 4.65 AC
- Property size (Sq ft)
- 41,092 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 612-280-029
- APU
- 612280029
Description
Exceptional investment opportunity: a 41,092 square foot, Class A medical office building in Coachella, CA. This 2-story, newly constructed (2022) building boasts a 100% occupancy rate with a strong, single-tenant net lease to DAP Health, commencing May 1, 2022. The lease features a 10-year term with attractive 2% annual rent increases, ensuring a stable and growing income stream. The property sits on a 2.51-acre lot and includes ample parking. The building offers first-class tenant improvements and is elevator-served. With a 6.01% cap rate and a price per square foot of $559.72, this presents a compelling return on investment. The property is zoned for commercial use and features a modern design, making it an ideal asset for long-term growth. The APN is 612-280-025. This is a rare opportunity to acquire a high-quality, net-leased medical office building in a rapidly growing market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $11,293,743
- 6.5%
- $10,424,994
- 7%
- $9,680,351
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,208,462
- Geo Method
- $14,463,151
-
Alternative Use
- Use
- Valuation
- Residential
- $12,926,992
- Hospitality
- $11,841,056
- Educational
- $9,851,619
- Medical
- $10,190,432
- Retail
- $15,324,741
Location Insight
- City
- Coachella
- County
- Riverside
- State
- California
- Latitude
- 33.6869
- Longitude
- -116.209
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].