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73965 Highway 111
1,875 SF of Retail Space Available in Palm Desert, CA 92260
Highlights
- Open floor plan
- The south parking lot has been completely renovated by the City of Palm Desert
- The back street is world famous El Paseo with high end luxurious retail and restaurants
- Suite faces Highway 111 the main corridor for the Coachella Valley
- Portola Avenue is one of two roadways leading to affluent South Palm Desert
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 1,875 SF | 3-5 Years | $38.39 CAD/SF/YR $3.20 CAD/SF/MO $413.27 CAD/m²/YR $34.44 CAD/m²/MO $5,999 CAD/MO $71,989 CAD/YR | Modified Gross |
1st Floor, Ste A
This commercial suite has frontage to Highway 111 in Palm Desert. This roadway is the main corridor for the Coachella Valley. The floor plan is flexible. Past use has been an office for an IT company, and it is currently designed for a wellness center that incorporates fitness training. Five private offices and a fitness area have been constructed. The existing tenant will remove part or all of the build out for the next tenant.
- Listed rate may not include certain utilities, building services and property expenses
- Highly Desirable End Cap Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 73965 Highway 111, Palm Desert, CA 92260
- Tenant
- Description
- US Locations
- Reach
- Computer Gallery
- Services
- 1
- -
- Core Capital Leasing Inc
- Rental and Leasing Services
- 1
- -
- Desert Podiatry Group
- Health Care and Social Assistance
- 1
- -
- Gabriela Canedo
- -
- -
- -
- Greek Market
- Supermarket
- 1
- -
| Tenant | Description | US Locations | Reach |
| Computer Gallery | Services | 1 | - |
| Core Capital Leasing Inc | Rental and Leasing Services | 1 | - |
| Desert Podiatry Group | Health Care and Social Assistance | 1 | - |
| Gabriela Canedo | - | - | - |
| Greek Market | Supermarket | 1 | - |
PROPERTY FACTS FOR 73965 Highway 111 , Palm Desert, CA 92260
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 7.59/1,000 SF |
| Gross Leasable Area | 9,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 9,000 SF |
| Year Built | 1980 |
| Parking Ratio | 7.59/1,000 SF |
About the Property
As currently designed, this is ideal for a private gym that is targeting the affluent community of South Palm Desert. Yet, it remains flexible for all other uses because of its open floor plan. Standard retail, clothing stores, general services will all work here. The property faces Highway 111, the main corridor for the Coachella Valley. A site visit will reveal a commercial multi-tenant building with access from either the frontage road on the north or through the common area parking lot located at the south that is maintained by the City of Palm Desert. The back parking area has been renovated featuring covered parking, lights, EV charging stations, new pavement, and the re-striping of the parking spaces. Located at the SWC of Highway 111 and Portola Avenue, one of the busier intersections in the Coachella Valley, and next to El Paseo, which features luxury shopping and popular restaurants.
- Balcony
Nearby Major Retailers
Presented by
73965 Highway 111
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