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42502 Melanie Pl

9,000 SF Industrial Building Palm Desert, CA 92211 $3,368,328 CAD ($374 CAD/SF) 4.80% Cap Rate

Industrial Properties California Palm Desert 42502 Melanie Pl, Palm Desert, CA 92211

Investment Highlights

  • Single Tenant Absolute NNN Leased
  • National Credit Guaranty
  • Large Enclosed Storage Yard and Loading Dock with Truck Well
  • Annual Uncapped CPI Increases
  • Excellent Cook St Location with Easy Access to Interstate 10 and Highway 111

Executive Summary

42502 Melanie Place is a rare opportunity to purchase a single-tenant, absolute NNN industrial building in the sought after Cook Street area of Palm Desert, California - the center of the greater Coachella Valley/Palm Springs submarket. This highly functional property is a favorite for long term tenancies. The property has been leased since 2010 by Imperial Sprinkler Supply, Inc., whose affiliated company and guarantor of the lease, SRS Distribution, Inc., is a subsidiary of The Home Depot after being purchased in June, 2024 for $18 billion.
Please see the attached offering memorandum or call for more details.

Attachments

Offering Memorandum

Property Facts

Price $3,368,328 CAD Rentable Building Area 9,000 SF
Price Per SF $374 CAD No. Stories 1
Sale Type Investment or Owner User Year Built 1991
Cap Rate 4.80% Tenancy Single
Property Type Industrial Parking Ratio 1.67/1,000 SF
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • Industrial Service
 Clear Ceiling Height 16 ft
Building Class B No. Dock-High Doors/Loading 1
Lot Size 0.55 AC No. Drive In / Grade-Level Doors 2
Price $3,368,328 CAD
Price Per SF $374 CAD
Sale Type Investment or Owner User
Cap Rate 4.80%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • Industrial Service
Building Class B
Lot Size 0.55 AC
Rentable Building Area 9,000 SF
No. Stories 1
Year Built 1991
Tenancy Single
Parking Ratio 1.67/1,000 SF
Clear Ceiling Height 16 ft
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 2

Amenities

  • Fenced Lot
  • Signage
  • Yard
1 of 1

PROPERTY TAXES

Parcel Number 634-260-009 Improvements Assessment $1,055,444 CAD
Land Assessment $382,127 CAD Total Assessment $1,437,571 CAD

PROPERTY TAXES

Parcel Number
634-260-009
Land Assessment
$382,127 CAD
Improvements Assessment
$1,055,444 CAD
Total Assessment
$1,437,571 CAD

zoning

Zoning Code SI (S.I. - Service Industrial)
SI (S.I. - Service Industrial)
(760) 895-6436

  • Listing ID: 33552249

  • Date on Market: 2024-10-17

  • Last Updated:

  • Address: 42502 Melanie Pl, Palm Desert, CA 92211

The Industrial Property at 42502 Melanie Pl, Palm Desert, CA 92211 is currently available For Sale. Contact Brian Ward for more information.

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42502 Melanie Pl, Palm Desert, CA for sale Building Photo- Image 1 of 10
Primary Photo
42502 Melanie Pl, Palm Desert, CA for sale Building Photo- Image 2 of 10
Front
42502 Melanie Pl, Palm Desert, CA for sale Building Photo- Image 3 of 10
Covered Dock
42502 Melanie Pl, Palm Desert, CA for sale Building Photo- Image 4 of 10
Truck Well
42502 Melanie Pl, Palm Desert, CA for sale Building Photo- Image 5 of 10
Roll Up to Storage Yard
42502 Melanie Pl, Palm Desert, CA for sale Building Photo- Image 6 of 10
Warehouse
42502 Melanie Pl, Palm Desert, CA for sale Building Photo- Image 7 of 10
warehouse 1
42502 Melanie Pl, Palm Desert, CA for sale Lobby- Image 8 of 10
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42502 Melanie Pl, Palm Desert, CA for sale Plat Map- Image 9 of 10
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42502 Melanie Pl
(760) 895-6436 x

42502 Melanie Pl

Brian Ward

(760) 895-6436

(760) 895-6436

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