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73726 Alessandro Drive, Palm Desert 73726 Alessandro Dr

18,182 SF 100% Leased Office Building Palm Desert, CA 92260 $4,199,993 CAD ($231 CAD/SF) 4.70% Cap Rate

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Investment Highlights

51% controlling interest can be purchased for $1,683,000.00
On Site Management

The entire property is also for sale at $3,300,000.00 at a 3.9 CAP
Well Maintained

Executive Summary

We would also consider selling 51% pf the controlling interest for $1,524,900.00.

73726_Alessandro_Sale(2)

73726_Alessandro_Income

Financial Summary (Actual - 2022)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$278,030	$15.29
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$278,030	$15.29
Taxes	$39,037	$2.15
Operating Expenses	$60,273	$3.32
Total Expenses	$99,311	$5.46
Net Operating Income	$178,719	$9.83

Financial Summary (Actual - 2022)

Gross Rental Income (CAD)
Annual	$278,030
Annual Per SF	$15.29

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$278,030
Annual Per SF	$15.29

Taxes (CAD)
Annual	$39,037
Annual Per SF	$2.15

Operating Expenses (CAD)
Annual	$60,273
Annual Per SF	$3.32

Total Expenses (CAD)
Annual	$99,311
Annual Per SF	$5.46

Net Operating Income (CAD)
Annual	$178,719
Annual Per SF	$9.83

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

18,182 SF

Building Class

Year Built

2006

Price

$4,199,993 CAD

Price Per SF

$231 CAD

Cap Rate

4.70%

NOI

$197,400 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

9,090 SF

Slab To Slab

10’

Building FAR

0.45

Land Acres

0.92 AC

Zoning

Downtown Edge Transition - Downtown Edge Overlay

Parking

60 Spaces (3.3 Spaces per 1,000 SF Leased)

Amenities

Courtyard
Property Manager on Site

Signage
Skylights

Central Heating
Natural Light

Air Conditioning

1 of 1

aerial
map

73726 Alessandro Dr, Palm Desert, CA - aerial map view

Walk Score ®

Very Walkable (84)

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PROPERTY TAXES

Parcel Numbers	Multiple 627-171-021 627-171-023	Total Assessment	$3,459,486 CAD (2023)
Land Assessment	$686,752 CAD (2023)	Annual Taxes	$39,037 CAD ($2.15 CAD/SF)
Improvements Assessment	$2,772,735 CAD (2023)	Tax Year	2022