3001 E Tahquitz Canyon Way, Palm Springs, CA 92262
$2,050,000
Property Type:
Commercial Sale
Square Footage:
11,530
Lot Size (sq. ft.):
37,897
Status:
Closed
Current Price:
$2,050,000
List Date:
7/28/2020
Last Modified:
5/14/2026
Description
This Prime Office/Medical Building is in a premium location across from Palm Springs City Hall, next to the Courthouse and Police Station and a block from Palm Springs International Airport. In prime condition and 100% leased with a strong tenant mix and attractive spaces. Much of the interior has had extensive tenant improvements in recent years. There is a full wrap around balcony with mountain views (very desirable for tenants.) The common areas are beautifully maintained. and there is abundant parking. Excellent investment at less than $190 psf. Quality plus upside potential ( see notes below).
More Information MLS# 219046744
Listing, Location and Property Info
Entry Date: 2020-07-28
General Property Information
Total SqFt Max: 11530
Office SqFt: 11530
Approx SqFt: 11530
SqFt Source: Assessor
Lot Size: 37897
Lot Acres: 0.87
Lot Size Source: Assessor
Year Built: 1980
Cross Streets: El Cielo
Listing Info
Accounting Type: Actual
Property Info
Building # of Stories: 2
# Buildings: 1
Building Status: Existing
Business Type
Professional/Office: 1
Tenant Pays
A/C: 1
Electric: 1
Gas/Heat: 1
Janitor: 1
Phone: 1
Refuse Removal: 1
Sewer: 1
Taxes: 1
Water: 1
Income
Effective Gross: 149420
Net Profit: 142037
Sale Type
Standard: 1
Business Info
Lease Type: NNN
Cap Rate: 6.5
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Owner Will Carry: 1
Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
Owner Will Carry: 1
Asset Class
Office: 1
Building Features
Elevator: 1
Disclosures
None: 1
Land Use
Office: 1
Signage
Sign Freestanding: 1
Exterior Construction
Stucco: 1
Wood: 1
Heating
Forced Air: 1
Search Tags
Office/Retail: 1
Water
Water District Name: DWA
Contingent Upon
Inspection: 1
Listing Location and Property Info
APN: 502220013
Status: Closed
Listing Date: 2020-07-27
Original List Price: 2185000
Sold Price: $2,050,000
Current Price: $2,050,000
Property Sub-Type: Own Your Own
Street #: 3001
Street Direction: E
Street Name: Tahquitz Canyon
Street Suffix: Way
County: Riverside
State: CA
Zip Code: 92262
Area: 332 - Palm Springs Central
Country: US
Status Change Info
Status Change Date: 2020-10-30
Pending Date: 2020-10-21
Closed Date: 2020-10-29
Closed Price: 2050000
Property Features
Business Type: Professional/Office
Sale Type: Standard
Financing: Cash; Conventional; Owner May Carry; Owner Will Carry
Listing Terms: Cash; Conventional; Owner May Carry; Owner Will Carry
Tenant Pays: A/C; Electric; Gas/Heat; Janitor; Phone; Refuse Removal; Sewer; Taxes; Water
Asset Class: Office
Building Features: Elevator
Land Use: Office
Signage: Sign Freestanding
Exterior Construction: Stucco; Wood
Heating: Forced Air
Search Tags: Office/Retail
Contingent Upon: Inspection
Disclosures: None
Listing Office:
Compass
Listing Agent:
Scott Lyle
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
