Available For Sale - Office

41,148 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
41,148 SF
Price/SF
Show Pricing $
Listing ID
SA454855
Notes
Address: 46900 Monroe St

Price: $9,600,000

Rentable SF: 41,148 SF

APN: 614-130-023, 026, 027, 024,

025, 022, 028, 029

Total Parcel Size: 4.44 AC

Year Built: 2006

Occupied: 94%

Parking: 4.45/1000

Cap Rate: 6.3%



STRONG REAL ESTATE FUNDAMENTALS

Wholly-Owned/Multiple Parcels – Tremendous opportunity to own an entire five (5) free-standing building center on separate

parcels including the credit tenant (CVS/Kaiser Permanente) anchor building, providing an investor total control and an opportunity for financing alternatives and spin-off sales

Corner, Signalized Intersection Location – It’s commercial real estate 101; signalized corner locations are always preferred by

tenants - the property is located at the NEC of Monroe St. and Dr. Carreon Blvd., increasing the probability of long-term tenant

and rent success

Multi-Use “Internet Resistant” Tenancy – Given its corner location, proximity to residential and adjacency to JFK Memorial

Hospital, the property appeals to a wide variety of commercial uses including medical, providing for a diversified “internet resistant” tenant base

EXCELLENT SIGNALIZED INTERSECTION LOCATION

Excellent Street Access and Visibility – Signalized intersection location offering excellent access and visibility along Dr. Carreon

Blvd. and Monroe St., which provides immediate access to Highway 111 and I-10 to the north

John F. Kennedy Memorial Hospital Proximity – Directly across the street from JFK Memorial Hospital, the property shares

synergy with the hospital given its medical tenancy and provides an amenity base for the hospital through retail uses

Established Retail Location – Synergistic surrounding tenant mix satisfies daytime and evening customer demands. Neighboring retailers include Food 4 Less, Cardenas, Dollar Tree, Harbor Freight Tools, In-N-Out, Starbucks, Mc-Donalds, Wells Fargo,

US Bank, and many other regional and national retailers

Regional Thoroughfare Accessibility – Situated immediately to the south of Highway 111, the primary east/west commuter

route through the trade area, linking Indio with other Coachella Valley “The Desert” cities including, La Quinta, Indian Wells,

Palm Desert, Rancho Mirage and Palm Springs, to name a few

IDEAL 1031 EXCHANGE PROPERTY OR PORTFOLIO ADDITION

Stable Credit Anchor – Anchored by CVS/Kaiser Permanente, providing stable income and limited landlord responsibilities for

the largest portion of Desert Courtyards

Multi-Building/Parcel Center – Desert Courtyards consists of the five (5) buildings on eight (8) parcels, providing an opportunity to spin-off buildings in individual sales to increase returns and reduce an already low basis

Low Price PSF Basis – Rents at Desert Courtyards and the resulting saleprice PSF are extremely low, providing an investor with

a low basis, tenant and rent flexibility, and excellent long-term growth opportunity

No Existing Financing – The property is offered free and clear of existing financing, providing a potential purchaser an opportunity to customize debt to achieve optimal goals
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Susan Harvey, Desert Pacific Properties