$3,195,000

71687 Ca-111

Rancho Mirage CA, 92270

Description

Trophy Office Building in Rancho Mirage. with excellent stabilized tenants and 100% leased. Medical and Tax account tenants that asked for no COVID concessions. Built in 2009 and designed by famed architectural firm Priest Vusic the design is both striking and functional. Featuring a doomed metal roof that requires virtually no maintenance. Shows pride of ownership inside and out with significant tenant improvements invested. The suites have nice views and are very attractive. Elevator for 2nd floor. 44 Parking spaces plus 2 ADA parking. Attractive location for tenants in a mid-valley location across from The River Development with many fine restaurants , entertainment and shopping. Selling under cost if replacement at only $209 psf for this kind of quality. Excellent income and return. Motivated Seller.

Details

MLS#219046800PS
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year2009
Days On Site178

Features

Story(s)2

Market Activity 92270

Loading Form
Loading Form
Area Information
StateCA
CountyRiverside
CityRancho Mirage
Zip Code92270
Area321 - Rancho Mirage
Listing VS Median (in 92270)
Price:
$3,195,000
low | high
Med:
$458,950
100% of Average
On Site:
178
low | high
Med:
333.500000
53.373313343328% of Average
Listing Updated: December 14, 2020 2:38:20 AM PST
Scott Lyle LogoMLS Number: 219046800PS
Listing Provided By:
Scott Lyle  of  Compass
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.