31833 Date Palm Dr, Cathedral City, CA 92234
40,000 SF | 100% Leased | Retail Building | Cathedral City, CA 92234 | $5,000,000 ($125/SF) | 6.28% Cap Rate
For Sale
Active
Asking Price $5,000,000
- Property Type
-
Retail
- Square Feet
- 40,000 SF
- Price / Square Foot
- $125
Listing Contacts
Nick D'Argenzio
Tom Chichester
Property Overview
Attractive long term assumable below market rate financing at 4.52% fixed for 14 years and/or potential seller financing
NEW HARBOR FREIGHT RENEWAL
Two (2) tenant investment opportunity featuring strong national and regional tenant: Harbor Freight (Corp.) & Furniture Depot/Jerry’s (Strong Personal Guaranty)
Below Replacement Cost at $125 PSF.
Value-Add with below market rents from actual LOIs (10%+ Proforma Cap), ask brokers for more details.
Ideally located in Cathedral City (Palm Springs MSA), within the dominant grocery anchored shopping center in the trade area
Harbor Freight has been successfully operating at this location for nearly 10 years, with strong Placer AI data. Furniture Depot/ Jerry’s is incredibly busy as well, even during Summer months.
Harbor Freight is the #1 fastest growing retailer in the U.S. with over 1,400+ locations, Moody’s Credit Rating of Ba3, and ranks in the top 100 U.S. retailers in sales
Furniture Depot/Jerry’s is an established tenant within the Coachella Valley and has multiple locations
Main and main intersection location along Date Palm Dr. and Ramon Rd. with 57,797 vehicles per day at the intersection
Located within the busy Cardena’s (grocery) anchored shopping center - creating tenant synergy and a strong cross over shopping experience for customers
Strong demographics - There are over 115,784 residents within a 5 mile radius of the property, with an average household income of nearly $90k
NEW HARBOR FREIGHT RENEWAL
Two (2) tenant investment opportunity featuring strong national and regional tenant: Harbor Freight (Corp.) & Furniture Depot/Jerry’s (Strong Personal Guaranty)
Below Replacement Cost at $125 PSF.
Value-Add with below market rents from actual LOIs (10%+ Proforma Cap), ask brokers for more details.
Ideally located in Cathedral City (Palm Springs MSA), within the dominant grocery anchored shopping center in the trade area
Harbor Freight has been successfully operating at this location for nearly 10 years, with strong Placer AI data. Furniture Depot/ Jerry’s is incredibly busy as well, even during Summer months.
Harbor Freight is the #1 fastest growing retailer in the U.S. with over 1,400+ locations, Moody’s Credit Rating of Ba3, and ranks in the top 100 U.S. retailers in sales
Furniture Depot/Jerry’s is an established tenant within the Coachella Valley and has multiple locations
Main and main intersection location along Date Palm Dr. and Ramon Rd. with 57,797 vehicles per day at the intersection
Located within the busy Cardena’s (grocery) anchored shopping center - creating tenant synergy and a strong cross over shopping experience for customers
Strong demographics - There are over 115,784 residents within a 5 mile radius of the property, with an average household income of nearly $90k
Property Details
- Class
- C
- Year Built
- 1988
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 41,818 SF
Highlights
- Over 115,784 residents within a 5 mile radius of the property
- 57,797 vehicles per day at the intersection
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