Indian Wells Health & Wealth Center | 74785 Highway 111
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Indian Wells Health & Wealth Center 74785 Highway 111
40,750 SF 89% Leased Office Building Indian Wells, CA 92210 £9,157,596 (£225/SF) 6.75% Net Initial Yield
Executive Summary
Progressive Real Estate Partners is proud to present the Indian Wells Health & Wealth Center, a landmark medical office asset located in the prestigious and affluent community of Indian Wells, CA. Boasting striking and unique architecture, the property has long attracted a diverse and stable tenant mix of medical and financial service professionals, including nationally and regionally recognized brands such as Charles Schwab, Halo Diagnostics, Mercer Financial, and SBEMP Law, making it a cornerstone of the community’s limited commercial landscape. This property’s landmark status, prime Highway 111 location, diverse income stream, upside potential, and iconic design make it an exceptional investment in one of Southern California’s most affluent and exclusive cities.
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Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
40,750 SF
Building Class
B
Year Built
1996
Price
£9,157,596
Price Per SF
£225
Net Initial Yield
6.75%
NOI
£617,898
Percent Leased
89%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
20,375 SF
Slab to Slab
12 ft
Building FAR
0.33
Lot Size
2.79 AC
Zoning
OP - Professional Office that allows for both office and medical uses.
Parking
150 Spaces (3.68 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Signage
- Monument Signage
- Outdoor Seating
- Balcony
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 105
- 2,723 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 203
- 1,685 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 105 | 2,723 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 203 | 1,685 SF | Office | Full Build-Out | Now |
1st Fl-Ste 105
| Size |
| 2,723 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 1,685 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 625-150-008 | Improvements Assessment | £5,985,362 |
| Land Assessment | £2,136,036 | Total Assessment | £8,121,398 |
PROPERTY TAXES
Parcel Number
625-150-008
Land Assessment
£2,136,036
Improvements Assessment
£5,985,362
Total Assessment
£8,121,398
Contacts
-
Heather Sharp -
Greg Bedell, CCIM -
Progressive Real Estate Partners Coachella Valley
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Indian Wells Health & Wealth Center | 74785 Highway 111
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