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1490 6th Street
- Coachella /
- CA /
- 92236
Property Summary
- Property Type: Office
- Monthly Rent PSF: $ 0.00
- Total Space Available: 86,248 SF
- Smallest Space:
- Largest Space: 86,248 SF
- Maximum Contiguous:
- Sale Price: $ 5,760,000
- Sale price PSF: $ 66.78
- Cap Rate: 4.47%
- Construction Status: Existing
- RBA (Sq. Ft.): 86,248 SF
- Lot Size (Sq. Ft.): 86,784 SF
Property Highlights
±1.98 Acre *Leased Investment* Sale: CAP Rate: 4.47%
1st Time on the Market in 31 Years – Irreplaceable Location
Prime Newly Redeveloped Downtown Coachella City Block
(5) Existing Bldgs Totaling ±24,600 SF – (3) Credit Tenants
Income & Development Upside w/ CPI Adjustments
Concept Plan for a 3-Story, Class A, Office Building
Available Space
- Unit #:
- 123
- Space Available: 86,248 SF
- Vacancy: direct
- Min. Divisible:
- Max. Contiguous:
- Mo. Rent PSF: $ 0.00
- Rent Type:
-
Unit/Suite Comments:
Abundance of private & secured parking. Low maintenance with minimal landlord responsibilities. Attractively landscaped courtyard. Common area expansion developed for the medical campus. 3 tenants including a US Post office, occupy 100% of the buildings and the property currently brings in $24,960/mo (gross). All 3 tenants are seasoned there and provide an investor with a good “sleep at night” income stream.