74199 El Paseo Drive
Palm Desert, CA 92260
5.02 acres | #219124726DA
Description
Currently 87.3% leased, One El Paseo Plaza is a dynamic, Class A office/restaurant complex totaling 86,835 net rentable square feet. The Property consists of two two-story buildings and an adjacent restaurant pavilion that creates a high-image campus in a premier business setting with the highest quality in design, appeal and function. Features include modern architectural designs, striking granite lobbies and interior finishes, flexible floor plates, and abundant parking ratios of 3.5/1,000 square feet including highly-coveted assigned and covered parking. The Property's institutional-quality construction and design combines with an amenity-rich location to create a sought-after, trophy project. One El Paseo Plaza provides an investor with the opportunity to assume two (2) existing loans on the property totaling $16,429,520 ($3,029,520 loan at 5.27% and $13,400,000 loan at 6.69%).
Property Details
- Property SubtypeCommercialSale
- Original List Price$29,430,000
- MLS #219124726DA
- MLS #219124726DA
- CountyRiverside
- Property TypePurchase
- Cost29430000
- Acres5.02
- Year Built2001
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Sam Rasmussen (#CDAR-D24000)
Listing Office: Ocean Properties Development (#CDAR-oD6400)
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