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Johnson Commercial Copyright 2017. No warranty or representa�on, express or implied, is made to the accuracy or completeness of the informa�on contained herein, and same is submi�ed subject to errors, omissions, change of price, rental or other condi�ons, withdrawal without no�ce, and toany special lis�ng condi�ons imposed by the property owner(s). As applicable, we make no representa�on as to the condi�on of the property (or proper�es) in ques�on.
Matthew V. Johnson760.779.4000 (Direct)[email protected] #00927239
760.779.400072000 Magnesia Falls Drive
Rancho Mirage, CA 92270www.johnsoncommercial.net
Demographics 1 Mile 10 Miles 30 Miles
Total Households 2,110 100,481 210,249
Total Popula�on 4,088 259,208 549,047
Average HH Income $88,653 $89,234 $73,119
Property OverviewThis mul�-tenant industrial building has a total of nineseparate suites. Each suite has its own roll-up door (exceptSuite 101), electrical meter and restroom. Suite 101 isconfigured as office space, while the other eight suites areindustrial flex spaces. The building is fully leased.
There is upside poten�al in the income, as most of thecurrent lease rates are under market.
Offering Summary
Property Type: Industrial
Sale Price: $2,050,000
Building Size: 14,653 SF
Price / SF: $139.90
Cap Rate: 4.97%
NOI: $101,808
Year Built: 1998
FOR SALEMul�-Tenant Industrial Building for Sale77899 Wolf Road. Palm Desert, CA 92211
Johnson Commercial Copyright 2017. No warranty or representa�on, express or implied, is made to the accuracy or completeness of the informa�on contained herein, and same is submi�ed subject to errors, omissions, change of price, rental or other condi�ons, withdrawal without no�ce, and toany special lis�ng condi�ons imposed by the property owner(s). As applicable, we make no representa�on as to the condi�on of the property (or proper�es) in ques�on.
Matthew V. Johnson760.779.4000 (Direct)[email protected] #00927239
760.779.400072000 Magnesia Falls Drive
Rancho Mirage, CA 92270www.johnsoncommercial.net
FOR SALEMul�-Tenant Industrial Building for Sale77899 Wolf Road. Palm Desert, CA 92211
Johnson Commercial Copyright 2017. No warranty or representa�on, express or implied, is made to the accuracy or completeness of the informa�on contained herein, and same is submi�ed subject to errors, omissions, change of price, rental or other condi�ons, withdrawal without no�ce, and toany special lis�ng condi�ons imposed by the property owner(s). As applicable, we make no representa�on as to the condi�on of the property (or proper�es) in ques�on.
Matthew V. Johnson760.779.4000 (Direct)[email protected] #00927239
760.779.400072000 Magnesia Falls Drive
Rancho Mirage, CA 92270www.johnsoncommercial.net
(Not to Scale)
FOR SALEMul�-Tenant Industrial Building for Sale77899 Wolf Road. Palm Desert, CA 92211
Johnson Commercial Copyright 2017. No warranty or representa�on, express or implied, is made to the accuracy or completeness of the informa�on contained herein, and same is submi�ed subject to errors, omissions, change of price, rental or other condi�ons, withdrawal without no�ce, and toany special lis�ng condi�ons imposed by the property owner(s). As applicable, we make no representa�on as to the condi�on of the property (or proper�es) in ques�on.
Matthew V. Johnson760.779.4000 (Direct)[email protected] #00927239
760.779.400072000 Magnesia Falls Drive
Rancho Mirage, CA 92270www.johnsoncommercial.net
Tenant Name Unit Number Unit Size (SF) Lease Start Lease End Annual Rent % of Building Price Per SF/YR
Interconnect Networks, Inc. 101 2,030 4/01/2015 3/31/2022 $19,800 13.85 $9.75
Hermann Design Group 102 2,350 9/1/2014 10/31/2021 $23,244 16.04 $9.89
Desert Custom Upholstery, LLC 103 1,344 12/1/2020 11/30/2023 $13,709 9.17 $10.20
Legacy Glass 104 1,380 5/1/2018 4/30/2022 $15,351 9.42 $11.12
Endico� Enterprises, LTD 105 1,578 4/1/2015 3/31/2023 $16,096 10.77 $10.20
Olja Dobrovic 106 1,325 8/1/2011 10/31/2021 $15,000 9.04 $11.32
West Coast Building Products 107 1,435 12/1/2016 10/31/2021 $15,084 9.79 $10.51
A. Juarez & Sons, Inc. 108 1,509 6/1/2020 5/31/2023 $17,202 10.3 $11.40
All Valley Air 109 1,702 7/1/2016 6/30/2021 $17,241 11.62 $10.13
Totals/Averages 14,653 $152,727 $10.42
FOR SALEMul�-Tenant Industrial Building for Sale77899 Wolf Road. Palm Desert, CA 92211
Johnson Commercial Copyright 2017. No warranty or representa�on, express or implied, is made to the accuracy or completeness of the informa�on contained herein, and same is submi�ed subject to errors, omissions, change of price, rental or other condi�ons, withdrawal without no�ce, and toany special lis�ng condi�ons imposed by the property owner(s). As applicable, we make no representa�on as to the condi�on of the property (or proper�es) in ques�on.
Matthew V. Johnson760.779.4000 (Direct)[email protected] #00927239
760.779.400072000 Magnesia Falls Drive
Rancho Mirage, CA 92270www.johnsoncommercial.net
Income Summary
Gross Income $146,032
Expense Summary
Property Taxes $23,062
Insurance $2,529
Landscape Maintenance $4,968
Electricity $550
Water $2,235
Trash $7,676
Telephone $1,415
Fire Protec�on $618
Property Owner's Associa�on $1,168
Gross Expenses $44,223
Net Opera�ng Income $101,808
FOR SALEMul�-Tenant Industrial Building for Sale77899 Wolf Road. Palm Desert, CA 92211
Johnson Commercial Copyright 2017. No warranty or representa�on, express or implied, is made to the accuracy or completeness of the informa�on contained herein, and same is submi�ed subject to errors, omissions, change of price, rental or other condi�ons, withdrawal without no�ce, and toany special lis�ng condi�ons imposed by the property owner(s). As applicable, we make no representa�on as to the condi�on of the property (or proper�es) in ques�on.
Matthew V. Johnson760.779.4000 (Direct)[email protected] #00927239
760.779.400072000 Magnesia Falls Drive
Rancho Mirage, CA 92270www.johnsoncommercial.net
FOR SALEMul�-Tenant Industrial Building for Sale77899 Wolf Road. Palm Desert, CA 92211