Commercial Retail In 29 Palms
29 Palms Hwy, Desert Queen
29 Palms, CA 92277
| Price: |
$2,800,000 |
| CAP Rate: |
5.60% |
| Building Size: |
22,997 SF |
| Approx Lot Size: |
1.69 Acre(s) |
| Year Built: |
1950 |
Net Lease
Investment: |
Yes |
| Existing Debt: |
Yes |
| Property On Ground Lease: |
No |
| 1031 Exchanges Acceptable: |
Yes |
Property Features- Good Condition
- Designated off street parking
- Buildable lots for more best and highest use
- 20,000 traffic count
- Great 1031 exchange
- Seller willing to carry financing
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For more information contact:
Val Rensink
(760) 243-4777
Exit Desert Ocean Realty
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Property Description
Very Rare Opportunity, High Traffic Flow in central location in 29 Palms. Several Properties being sold with 8 tenants in place.
Property in Good condition class B building. 29 Palms has Walgreens, Starbucks, Kragen, Rite Aid building and others considering. Marine Economic impact report indicates over $400,000,000 in annual payroll plus many construction developments. $461 Million Contract with Allied Container Systems, $9.8 Million Contract with Rogers-Quinn Constuction.
Both Beginning right away and completed in the next few years. Great Positive economic impact As of August 2007 5000 more new troops added to the Marine Base. Bring market rents to $0.75 per square and add designated parking it all equals $16900 a month, Seller is willing to finance. If you are doing a 1031 exchange this is the perfect property to consider.
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