• Year Built: 1990
72-630 Dinah Shore Drive is a mixed-use property for lease in Palm Desert, CA.
The Desert Retail Team presents for sale this prime 24,880 SF (two tenant) retail end-cap property located in the Costco anchored Monterey Shore Plaza in Palm Desert. One 12,000 SF unit is leased to successful Dollar Tree and the remaining 12,880 SF unit is newly on the market for lease.
- Value Add Two Tenant Retail in Palm Desert, Ca.
- 1.44 Million SF retail submarket is only 2% vacant
- Best retail market in the Coachella Valley Costco; Wal-Mart; Kohls, Home Depot and more
- $3.15 Million List Price - $126 psf - 9.5% Pro Forma Cap -
* New on market Seller can close in 2012
- Below Replacement Cost
- New Interior Improvements
The pricing has just been reduced and the Seller will consider all offers.
The low Net expenses of just 13¢ psf/per month are great for tenants and affordable as carry costs for an investor.
Located in the dense retail market of Monterey Avenue and the 10 Freeway.
Vacant unit has brand new interior improvements (improved shell).
Low market loan rates will produce a high cash flow when fully leased.
Electrical service is provided by IID with rates that are about 30% lower than for Southern Cal Edison
Low Net expenses of about 13¢ psf/month are great for tenants and create a low cost to carry.
Both units feature rare dock-high loading
SELLER WANTS TO CLOSE THIS YEAR!
The other 12,880 square foot unit has brand new shell improvements and is listed for lease at $1 net psf/month. Both units are in-line with Ethan Allen and The Patio Place. This site features easy access and ample parking.
This property is located in the highly desirable Costco and Golfsmith Extreme anchored Monterey Shore Plaza. The center is located immediately off of the 10 Freeway at the Monterey Avenue and Dinah Shore Drive intersection.
Please see the attached brochure for additional details.
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- Scott Warner, agent and Rofo Pro