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$29,430,000
Est. payment /mo
5.02 Acres Lot
UPDATED:
02/13/2025 06:47 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219124726DA
HOA Y/N No
Year Built 2001
Lot Size 5.020 Acres
Property Description
Currently 87.3% leased, One El Paseo Plaza is a dynamic, Class A office/restaurant complex totaling 86,835 net rentable square feet. The Property consists of two two-story buildings and an adjacent restaurant pavilion that creates a high-image campus in a premier business setting with the highest quality in design, appeal and function. Features include modern architectural designs, striking granite lobbies and interior finishes, flexible floor plates, and abundant parking ratios of 3.5/1,000 square feet including highly-coveted assigned and covered parking. The Property's institutional-quality construction and design combines with an amenity-rich location to create a sought-after, trophy project. One El Paseo Plaza provides an investor with the opportunity to assume two (2) existing loans on the property totaling $16,429,520 ($3,029,520 loan at 5.27% and $13,400,000 loan at 6.69%).
Location
State CA
County Riverside
Area 323 - South Palm Desert
Interior
Fireplace No
Exterior
Total Parking Spaces 300
Others
Tax ID 625112021
Special Listing Condition Standard
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Listed by Sam Rasmussen • Ocean Properties Development