401 E Tahquitz Canyon Way
Palm Springs, CA 92262
MLS #NP17030554

Commercial
  • 22,659sq ft
Pending Sale $2,500,000
Est. P&I payment: $9548.31/mo
401 E Tahquitz Canyon Way, Palm Springs, CA 92262
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Description for 401 E Tahquitz Canyon Way, Palm Springs, CA 92262
NOIA Building/Cap Rate 8.9/ Seller Financing and Trades Accepted! The NOIA Building is anchored by Sherman's Deli & Bakery and it's occupants are a variety of businesses ranging from retail, services and real estate.There is ample on-site parking and the property has been completely remodeled and redecorated, and the exterior has recently been re-painted. Tenants have high speed internet as well as paid utilities (except phone). Management is included. Security available. The property is currently 100% occupied. In the heart of Palm Springs, the NOIA building is located one block from the new downtow City Center, the Spa Hotel & Casino as well as the Hard Rock Hotel and the Palm Springs Convention Center. This property is on leased land and there are 35 years left on the lease. Owner financing is available, trades accepted!
MLS #NP17030554
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My Notes for MLS #NP17030554

General Features

  • Building Name: NOIA Building
  • Building Status: Existing
  • Condo Area Units: Square Feet
  • Entry Level: 1
  • Land Use: Office,​Retail
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Number Of Buildings: 1
  • Office Class: B
  • Property SubType: Retail
  • Property Type: Commercial Sale
  • Year Built: 1985
  • Year Built Source: Assessor

Exterior Features

  • Stories Total: 2

Interior Features

  • Building Features: Elevators

Utility Features

  • Cooling YN: 1
  • Water Source: Public

Financial Features

  • CapRate: 8.9
  • Effective Gross: 463,516
  • Investment Property YN: 1
  • Net Operating Income: 222,779
  • Operating Expense: 217,561
  • Price Per SqFt: 110.33
  • Vacancy Allowance: 23,175

Miscellaneous Features

  • Anchor Co-Tenants: Sherman's Deli
  • Building Area Total: 22,659
  • Building Area Units: Square Feet
  • Days On Market: 4
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard

Location

 
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Directions to 401 E Tahquitz Canyon Way, Palm Springs, CA 92262
Cross Streets: N Palm Canyon Drive
Listing information for 401 E Tahquitz Canyon Way, Palm Springs, CA 92262 was graciously provided by our friends at the listing brokerage, Larry Strong Commercial Real E and by listing agent Strong Larry DRE# 00188261

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P&I Payment $9548.31
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 12/18/2017 at 4:14am
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