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82360 Us Highway 111

Indio, CA 92201
  • $2,550,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: DW23208152
$2,550,000
  • 0
    BEDS
  • 0.94
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2004
County:

School Ratings & Info

Listing Agent(s): Edwin Mariscal of Edwin Mariscal, Broker (562-822-3891)


Description

The OfferingWe are pleased to present a rare opportunity toacquire South Rubidoux ( 82360 Highway 111, Indio CA ) a stripcenter servicing the Coachella Valley located directly off the dominantdesert artery Highway 111. Indio is the third fastest growing City in Southern California, and is thelargest city in the desert by population with approximately 90,000 fulltime residents and more than 30,000 additional residents duringwinter months. The average household income exceed $96,000within a 5 mile radius.The property been offered for sale is located directly across the IndioGrand Marketplace, a redevelopment of the current Indio Mall, whichwill feature up to 400 new residential units and hospitality element,further enhancing the overall location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-10T00:27:15.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/145117021
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82360 Us Highway 111 Indio, CA 92201

  • Price: $2,550,000
  • Status: Active
  • On Site: 31 Days
  • ID#: DW23208152
0
Beds
0
Baths
0
½ Baths
0.94
Acres
2004
Built
Neighborhood:
699 - Not Defined
County:
Riverside
Area:
699 - Not Defined
Property Description
The OfferingWe are pleased to present a rare opportunity toacquire South Rubidoux ( 82360 Highway 111, Indio CA ) a stripcenter servicing the Coachella Valley located directly off the dominantdesert artery Highway 111. Indio is the third fastest growing City in Southern California, and is thelargest city in the desert by population with approximately 90,000 fulltime residents and more than 30,000 additional residents duringwinter months. The average household income exceed $96,000within a 5 mile radius.The property been offered for sale is located directly across the IndioGrand Marketplace, a redevelopment of the current Indio Mall, whichwill feature up to 400 new residential units and hospitality element,further enhancing the overall location.
Exterior Features

Entry Level 1 Sign On Property YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating None Heating YN No

Property Features

Additional Parcels YN No Anchors Co Tenants 2 Business Type Variety Cap Rate 6.68 Common Interest None Gross Scheduled Income 243141 Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 165596 Number Of Units Leased 4 Operating Expense 72832 Property Sub Type Retail Security Features 24 Hour Security Special Listing Conditions Standard Tax Annual Amount 32777 Tax Year 2023 Vacancy Allowance 15712 Vacancy Allowance Rate 10 Water Source Public Zoning C



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-10T00:27:15.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Edwin Mariscal of Edwin Mariscal, Broker (562-822-3891)