440 El Cielo Rd, Palm Springs, CA 92262 - shopping center property

Detailed information about shopping center property which situated in Palm Springs (92262) city, California state on 440 El Cielo Rd.

Additional Information: The subject project is a neighborhood retail shopping center located on 3.22 acres and consists of approximately 21,688 square foot. Anchored by Warner Cable, this multi-tenant retail center is 93.7% leased. Property is constructed as wood frame and is located on the signalized NEC of E. Ramon Road and S. El Cielo Road. Property also has two outparcels, one on the hard corner of E. Ramon and El Cielo and the other fronting on El Cielo. Both parcels may accommodate additional buildable area to the subject project and will allow investors additional potential upside in the investment. CAP Rate 9.3% on existing income. Gross Square Footage: 21,688 sq. ft.Large Parcel, 3.22 acres with two additional developable pads. Below market rental rates allowing for future upside. Parked at 8.38/1,000, 123 free surface stalls. Fully Improved multi-tenant commercial project, with only one vacancy. Vacancy factor of only 6.2%.Good traffic counts of +/-39K cars per day.Built April, 1990Zoning: C-1Hard corner of E. Ramon Road and El Cielo drive in Palm Springs, California.Contact Michael Meade or Lynn Coker in regards to any questions or to schedule a tour.