49869 Calhoun StCoachella, CA 92236

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

Medical offices

Property subtype

Medical centers

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.

• 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

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