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42650 Melanie Pl

31,428 SF Vacant Office Building Palm Desert, CA 92211 £2,741,550 (£87/SF)

Investment Highlights

  • Lowest price per foot in this popular centrally located business park!
  • Excellent central Coachella Valley location in the premier Cook Street Business Park with convenient access to both interstate 10 and Highway 111.
  • Majority of the building is built out as office space, with the balance as warehouse space formally used as recording studios for KESQ TV.
  • Highly stylized and quality constructed, 31,428 SF, two-story, reinforced concrete block building on 1.51 acres.
  • Completely walled in with security gates and 95 parking spaces, most of which are covered parking.
  • Property is being sold vacant, ready for an owner user, or savvy investor seeking upside.

Executive Summary

Motivated seller has priced this property for a quick sale at $111 per square foot, the lowest price per foot in this popular centrally located business park!
Highly stylized and quality constructed, 31,428 SF, twostory, reinforced concrete block building on 1.51 acres.
Excellent central Coachella Valley location in the premier Cook Street Business Park with convenient access to both interstate 10 and Highway 111.
Completely walled in with security gates and 95 parking spaces, most of which are covered parking.
Majority of the building is built out as office space, with the balance as warehouse space formally used as recording studios for KESQ TV.
Property is being sold vacant, ready for an owner user, or savvy investor seeking upside.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
31,428 SF
Building Class
B
Year Built/Renovated
1998/2020
Price
£2,741,550
Price Per SF
£87
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
15,714 SF
Building FAR
0.48
Lot Size
1.51 AC
Zoning
M-SC - Palm Desert
Parking
95 Spaces (3.02 Spaces per 1,000 SF Leased)

Amenities

  • Reception
  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
634-260-012
Land Assessment
£798,966
Improvements Assessment
£6,647,397
Total Assessment
£7,446,363
  • Listing ID: 32878268

  • Date on Market: 19/08/2024

  • Last Updated:

  • Address: 42650 Melanie Pl, Palm Desert, CA 92211

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