83931 Indio Boulevard

    Indio, CA 92201
    • $1,300,000
    • STATUS: Pending
    • ON SITE: 60 days
    • ID#: TR19199455
    Pending
    UPDATED: 42 min ago
    $1,300,000
    • 0
      BEDS
    • 2.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,400
      SQFT
    • $138
      $/SQFT
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Leased investment. 5 tenants bring in $10,100 / mo.! NNN income. (net of +/- $9,800) established Auto Parts store, Parts Authority, used car sales lot, apartment unit and a mechanic. Very stable income stream. 2 parcels included totaling 2.06 acres. One of the parcels is 1/2 raw land leased on a month to month basis so a buyer could build on that portion later and increase the properties cash flow! 9% cap rate on existing tenants income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T20:34:45.14. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
    www.northsdrealty.com/homes/98151496

    83931 Indio Boulevard Indio, CA 92201

    • Price: $1,300,000
    • Status: Pending
    • Updated: 42 min ago
    • ID#: TR19199455
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.06
    Acres
    9,400
    SQFT
    $138
    $/SQFT
    Neighborhood:
    314 - Indio South of East Valley
    County:
    Riverside
    Area:
    314 - Indio South of East Valley
    Property Description
    Leased investment. 5 tenants bring in $10,100 / mo.! NNN income. (net of +/- $9,800) established Auto Parts store, Parts Authority, used car sales lot, apartment unit and a mechanic. Very stable income stream. 2 parcels included totaling 2.06 acres. One of the parcels is 1/2 raw land leased on a month to month basis so a buyer could build on that portion later and increase the properties cash flow! 9% cap rate on existing tenants income.
    Exterior Features

    Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 612-142-003 Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 7.50 Country Us Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 112125.00 Number Of Units Leased 4 Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Lee Spence of Daum Commercial Re Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T20:34:45.14. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
     
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    Carlsbad CA, 92009