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Warehouse

Coachella Valley Multi-Tenant Industrial

82585 Showcase Pkwy, Indio, CA 92203

Listing Price: $16,000,000

Cap Rate
3.57%
Gross SF
102,202
Price/Gross SF
$156.55
Lot Size
6.98 acres
Year Built
2006
Rentable SF
102,202

Investment Overview

Marcus & Millichap is pleased to present a 102,202-square foot multi-tenant industrial building located at 82585 Showcase Parkway in Indio, California. This is a rare opportunity to acquire a state-of-the-art, multi-tenant industrial building over 100,000-square feet in a highly desirable location of the Coachella Valley. The property is currently occupied by three tenants which include Next Level Door & Millwork, Masco Contractor Services, and Desert Moving Company. The tenants have staggered lease expirations giving an investor the opportunity to bring below market rents up to market. The building was exceptionally built with reinforced concrete, 28-foot building height, wet sprinkler system, 24-foot interior ceiling height, 8 drive-in docks, and 2 truck wells. The building sits on a large 6.98-acre lot with 80 surface parking spaces. The building was divided into 5 individual suites with both office space and warehouse space in the units. The property is very well located just off the 10-freeway in the City of Indio surrounded by major retailers including Walmart Supercenter, The Home Depot, Tractor Supply, McDonald’s, Big Lots, Marshalls, Burlington Coat Factory, Party City, 24-Hour Fitness, Starbucks, Walgreens, and many more. This offering is ideal for any investor due to the property being offered at just $156.55 price per square foot and fully occupied except for a 1,000-square foot space within the building. The staggered lease expirations provide the buyer the opportunity to put their own business into the space or for an investor to bring the low rent paying tenants up to market. The property is currently priced at $16,000,000 or 3.46% in-place capitalization rate with a pro-forma capitalization rate of 5.43%.

Investment Highlights

  • Rare Opportunity to Acquire Over a 100,000 Square-Foot Multi-Tenant Industrial in Indio, California
  • Property Located Just Off the I-10 Freeway Surrounded by Major Retailers including Walmart Supercenter, The Home Depot, Tractor Supply, McDonald's and Starbucks.
  • Staggered Lease Expirations Allowing any Buyer to Acquire this Asset as an Investment or an Owner-User Opportunity
  • Building Located on Just Under Seven Acres Providing Ample Amounts of Parking and Easy Accessibility for Truck Traffic

Exclusively Listed By

Warehouse

Coachella Valley Multi-Tenant Industrial

Listing Price: $16,000,000

Cap Rate
3.57%
Gross SF
102,202
Price/Gross SF
$156.55
Lot Size
6.98 acres
Year Built
2006
Rentable SF
102,202

Investment Highlights

  • Rare Opportunity to Acquire Over a 100,000 Square-Foot Multi-Tenant Industrial in Indio, California
  • Property Located Just Off the I-10 Freeway Surrounded by Major Retailers including Walmart Supercenter, The Home Depot, Tractor Supply, McDonald's and Starbucks.
  • Staggered Lease Expirations Allowing any Buyer to Acquire this Asset as an Investment or an Owner-User Opportunity
  • Building Located on Just Under Seven Acres Providing Ample Amounts of Parking and Easy Accessibility for Truck Traffic

Investment Overview

Marcus & Millichap is pleased to present a 102,202-square foot multi-tenant industrial building located at 82585 Showcase Parkway in Indio, California. This is a rare opportunity to acquire a state-of-the-art, multi-tenant industrial building over 100,000-square feet in a highly desirable location of the Coachella Valley. The property is currently occupied by three tenants which include Next Level Door & Millwork, Masco Contractor Services, and Desert Moving Company. The tenants have staggered lease expirations giving an investor the opportunity to bring below market rents up to market. The building was exceptionally built with reinforced concrete, 28-foot building height, wet sprinkler system, 24-foot interior ceiling height, 8 drive-in docks, and 2 truck wells. The building sits on a large 6.98-acre lot with 80 surface parking spaces. The building was divided into 5 individual suites with both office space and warehouse space in the units. The property is very well located just off the 10-freeway in the City of Indio surrounded by major retailers including Walmart Supercenter, The Home Depot, Tractor Supply, McDonald’s, Big Lots, Marshalls, Burlington Coat Factory, Party City, 24-Hour Fitness, Starbucks, Walgreens, and many more. This offering is ideal for any investor due to the property being offered at just $156.55 price per square foot and fully occupied except for a 1,000-square foot space within the building. The staggered lease expirations provide the buyer the opportunity to put their own business into the space or for an investor to bring the low rent paying tenants up to market. The property is currently priced at $16,000,000 or 3.46% in-place capitalization rate with a pro-forma capitalization rate of 5.43%.

Exclusively Listed By

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