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Office Warehouse

Cathedral Canyon Business Park

35688 Cathedral Canyon Dr, Cathedral City, CA 92234

Listing Price: $3,000,000

Cap Rate
9.02%
Gross SF
64,166
Price/Gross SF
$46.75
Lot Size
4.80 acres
Year Built
1991
Rentable SF
64,166

Investment Overview

Marcus and Millichap is pleased to exclusively present the opportunity to acquire 35688 Cathedral Canyon Drive (“Cathedral Canyon Business Park”, “Subject Property”), an approximately 64,166 SF multi-tenant industrial park located in Cathedral City, California. Cathedral Canyon Business Park offers the investor a rare opportunity to acquire a premier multi-tenant industrial park located in the heart of the Coachella Valley industrial trade area. There are approximately 30 units with an average tenant size of approximately 2,000 SF. Units offer grade level truck loading with showroom/flex units facing Cathedral Canyon Drive. The Property is on a long term ground lease with the Bureau of Indian Affairs. The ground lease expires September 13, 2061, which is approximately 40 years term remaining.

Investment Highlights

  • Reliable Cash Flow
  • Long-term Tenant Occupancy
  • Below Replacement Cost

Exclusively Listed By

Financing By

Office Warehouse

Cathedral Canyon Business Park

Listing Price: $3,000,000

Cap Rate
9.02%
Gross SF
64,166
Price/Gross SF
$46.75
Lot Size
4.80 acres
Year Built
1991
Rentable SF
64,166

Investment Highlights

  • Reliable Cash Flow
  • Long-term Tenant Occupancy
  • Below Replacement Cost

Investment Overview

Marcus and Millichap is pleased to exclusively present the opportunity to acquire 35688 Cathedral Canyon Drive (“Cathedral Canyon Business Park”, “Subject Property”), an approximately 64,166 SF multi-tenant industrial park located in Cathedral City, California. Cathedral Canyon Business Park offers the investor a rare opportunity to acquire a premier multi-tenant industrial park located in the heart of the Coachella Valley industrial trade area. There are approximately 30 units with an average tenant size of approximately 2,000 SF. Units offer grade level truck loading with showroom/flex units facing Cathedral Canyon Drive. The Property is on a long term ground lease with the Bureau of Indian Affairs. The ground lease expires September 13, 2061, which is approximately 40 years term remaining.

Exclusively Listed By

Financing By

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