49869 Calhoun StCoachella, CA 92236

  • Healthcare properties
  • 41,092 SF
For Sale
$23,000,000 View listing

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
49869 Calhoun St, Coachella, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$174,642
$270,434
$13,521,630
$13,792,064
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