71687 Ca-111, Rancho Mirage, CA 92270
$3,100,000
Property Type:
Commercial Sale
Square Footage:
15,282
Lot Size (sq. ft.):
26,136
Status:
Closed
Current Price:
$3,100,000
List Date:
3/17/2021
Last Modified:
5/14/2026
Description
Trophy Office Building in Rancho Mirage. Perfect for user who wants income to pay debt and operating expenses. Upstairs is fully leased to Medical and Tax account tenants that asked for no COVID concessions. Downstairs of approx. 7641 sq. ft is divided into 3 spaces with substantial tenant improvements. Could be all one use or rent out one or two of the spaces . Very flexible. Cap rate is based on fully leased. Built in 2009 and designed by famed architectural firm Priest Vusic the design is both striking and functional. Featuring a doomed metal roof that requires virtually no maintenance. Shows pride of ownership inside and out with significant tenant improvements invested. The suites have nice views and are very attractive. Elevator for 2nd floor. 44 Parking spaces plus 2 ADA parking. Attractive location for tenants in a mid-valley location across from The River Development with many fine restaurants , entertainment and shopping. Selling under cost if replacement at only $209 psf for this kind of quality. Excellent income and return.
More Information MLS# 219058986
Listing, Location and Property Info
Entry Date: 2021-03-17
General Property Information
Office SqFt: 15282
Approx SqFt: 15282
SqFt Source: Assessor
Lot Size: 26136
Lot Acres: 0.6
Lot Size Source: Assessor
Year Built: 2009
Cross Streets: Dunes View
Property Info
Building # of Stories: 2
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
Net Profit: 202344
Sale Type
Standard: 1
Business Info
Cooling: Yes
Heating: Yes
Financing Available: Yes
Investment Property: Yes
Lease Type: NNN
Years Under Current Owner: 9
Cap Rate: 6
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Financing
Cash: 1
Owner May Carry: 1
Owner Will Carry: 1
Lot Features
Sprinkler System: 1
Asset Class
Office: 1
Commercial License
None: 1
Disclosures
None: 1
Land Use
Office: 1
Signage
Sign Freestanding: 1
Exterior Construction
Stucco: 1
Wood: 1
Heating
Forced Air: 1
Roofing
Composition: 1
Water
In Street: 1
Meter on Property: 1
Water District: 1
Water District Name: CVWD
Contingent Upon
Inspection: 1
Listing Location and Property Info
APN: 684251003
Status: Closed
Listing Date: 2020-07-28
Original List Price: 3195000
Sold Price: $3,100,000
Current Price: $3,100,000
Property Sub-Type: Office
Street #: 71687
Street Name: Ca-111
County: Riverside
State: CA
Zip Code: 92270
Area: 321 - Rancho Mirage
Country: US
Status Change Info
Status Change Date: 2021-12-07
Pending Date: 2021-11-12
Closed Date: 2021-12-06
Closed Price: 3100000
Property Features
Business Type: Professional/Office
Sale Type: Standard
Financing: Cash; Owner May Carry; Owner Will Carry
Listing Terms: Cash; Conventional; Owner May Carry
Tenant Pays: A/C; Electric; Gas/Heat; Janitor; Phone; Refuse Removal; Sewer; Taxes; Water
Lot Features: Sprinkler System
Asset Class: Office
Commercial License: None
Land Use: Office
Signage: Sign Freestanding
Exterior Construction: Stucco; Wood
Heating: Forced Air
Roofing: Composition
Water: In Street; Meter on Property; Water District
Contingent Upon: Inspection
Disclosures: None
Listing Office:
Compass
Listing Agent:
Scott Lyle
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
