7 4 - 1 9 9 E l P a s e o D r i v e , P a l m D e s e r t , C A 9 2 2 6 0

7 4 - 2 2 5 H i g h w a y 1 1 1 , P a l m D e s e r t , C A 9 2 2 6 0

7 4 - 2 4 5 H i g h w a y 1 1 1 , P a l m D e s e r t , C A 9 2 2 6 0

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E L PA S E O D R I V EE L PA S E O D R I V E

THE DES ERT ’S FINEST CLASS A OFFICE COMPLEX LOCATED AT T HE PR IME INTE R SE CTION OF THE DESERTS MOST PROMINENT STREETS -EL PASEO DRIVE & HIGHWAY 1 1 1

I N V E S T M E N T H I G H L I G H T S

TOTAL PROJECT

WEST BUI LDING

EAST BUILDING

RESTAUR ANT PAVILI ON

PAR K I NG AR EA

PAR K I NG AR EA

ONE EL PASEO 74-199 EL PASEO DR 74-245 HIGHWAY 111 74-225 HIGHWAY 111 - -

N ET RSF 86,835 SF 47,990 SF 22,813 SF 16,032 SF - -GROSS SF 91,986 SF 51,218 SF 24,736 SF 16,032 SF - -

APN - 625-112-021 625-112-014 625-112-019 625-112-013 625-112-016ACRES 5.02 Acres 0.86 Acres 0.40 Acres 0.66 Acres 0.12 Acres 2.97 Acres

LAND SF 213,008 SF 37,462 SF 17,424 SF 28,750 SF 5,227 SF 129,373 SF

T R O P H Y C A M P U S

One El Paseo 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.

F O R T U N E 5 0 0 T E N A N C I E S

As one of Palm Desert’s preferred business

addresses, One El Paseo is home to Fortune 500

companies Morgan Stanley Smith Barney (since

2001) and Wells Fargo in addition to a variety of

diversified tenancy including Stifel, Nicolaus &

Company, American AgCredit, Tarbell Financial,

RBC Capital Markets and the Desert’s exclusive

luxury residential real estate company HK Lane,

resulting in a varied rent roll that provides an

investor with stability through limited market

exposure and a well-balanced rollover schedule

with expirations extending through 2026.

A D D R E SS74 -1 9 9 E l Pa s e o D r i ve , 74 -2 2 5 & 74 -24 5 Hi g hway 1 1 1 Pa l m D e s e r t , C A 92 2 6 0

G RO SS B U I L D I N G A R E A / N E T R E N TA B L E A R E A / S I T E A R E AG r o s s 9 1 ,9 8 6 S F / R B A 8 6,8 3 5 S F / 5 .02 Ac re s

O C C U PA N C Y8 0.8 %

N O. O F B U I L D I N G STwo ( 2 ) - O f f i c e B u i l d i n g s O n e ( 1 ) - Re s t a u r a n t Pav i l i o n

N O. O F S T O R I E STwo ( 2 ) - Two - S t o r y/O f f i c e O n e ( 1 ) - O n e - S t o r y/ Re s t a u r a n t

Y E A R B U I LTRe s t a u r a n t Pav i l i o n : 1 9 4 9/ 1 9 9 1 / 2 0 14 We s t & E a s t B u i l d i n g s : 2 0 0 1 / 2 0 0 4

PA R K I N G3. 5 / 1 ,0 0 0 S F (ove r 3 0 0 o n s i t e p a r k i n g s p a c e s )

O F F E R I N G P R I C E

$ 3 1 , 5 0 0,0 0 0 No n - L ev I R R 6 0 Mo n t h : 9.1% L eve r a g e d I R R 6 0 Mo n t h : 1 5 .1%

V A L U E A D D I N V E S T M E N T O P P O R T U N I T Y

One El Paseo provides a new owner with the ability to enhance value

through the lease-up of current and future availabilities. With in-place

leases averaging 5.5% below market, an investor has the rare opportunity

to capitalize on the market’s rising rental rates, particularly for the limited

Class A assets in the Palm Desert market.

E X C E P T I O N A L L O C A T I O N A N D A C C E S S

Strategically located within the valley’s demographic and economic

heart at the prime intersection of two of the Desert’s most prominent

streets – El Paseo Drive and Highway 111, One El Paseo benefits from an

optimal desert location that is considered one of the best addresses in

Palm Desert.

S T R A T E G I C Z O N I N G D I S T R I C T ( D ) & ( D - O )

One El Paseo is included in the One Eleven Development zone Downtown

(D) with the Downtown Overlay (D-O). The Downtown (D) District

introduces urban, multi-story buildings up to 3-stories tall and located

at or near the sidewalk. Ground floors accommodate retail, restaurant,

service, and office uses, while upper floors accommodate residential and

office uses. Residential uses are prohibited on the ground floor along the

El Paseo frontage. In addition, parking requirements have been lowered

to 3 space / 1,000 sq. ft. ratio. The Downtown Core Overlay (D-O):

Buildings within the Downtown Core Overlay may be up to 4-stories.

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A M E N I T Y - R I C H E N V I R O N M E N T

I N V E S T M E N T H I G H L I G H T S

C O N T A C TRICK REEDERExecutive Managing Director 858.546.5405rick.reeder@cushwake.comCA License #00847576

BRAD TECCAExecutive Director 858.546.5420brad.tecca@cushwake.comCA License #01204598