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Trophy Office Building in Rancho Mirage. Perfect for user who wants income to pay debt and operating expenses. Upstairs is fully leased to Medical and Tax account tenants that asked for no COVID concessions. Downstairs of approx. 7641 sq. ft is divided into 3 spaces with substantial tenant improvements. Could be all one use or rent out one or two of the spaces . Very flexible. Cap rate is based on fully leased. Built in 2009 and designed by famed architectural firm Priest Vusic the design is both striking and functional. Featuring a doomed metal roof that requires virtually no maintenance. Shows pride of ownership inside and out with significant tenant improvements invested. The suites have nice views and are very attractive. Elevator for 2nd floor. 44 Parking spaces plus 2 ADA parking. Attractive location for tenants in a mid-valley location across from The River Development with many fine restaurants , entertainment and shopping. Selling under cost if replacement at only $209 psf for this kind of quality. Excellent income and return.

Listing ID219058986PS
Sold For$3,100,000
Price/SqFt$209.07
StatusClosed
Sold Date12/06/2021
CountyRiverside
Year Built2009
Property TypeCommercial Sale

Contact - Listing ID 219058986PS

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John Campbell
Address: 70005 Mirage Cove Drive
Rancho Mirage, CA 92270
United States
Phone: 323-646-8558

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