68100 Ramon Road
Cathedral City, CA 92234

$8,999,000

Description

PROBATE SALE, PROPERTY MUST BE SOLD. CURRENT INTEREST ONLY FINANCING MAY BE OFFERED BY CURRENT LENDER. PLEASE CONTACT US FOR THE OFFERING MEMORANDUM AND MORE DETAILS. Offering ProForma CAP Rate of 8.00% ProForma CAP Rate Achieved Though Continued Rehabilitation & Stabilization. Ramon Road Retail Shopping Centers Nearing 100% Occupancy Majority of Neighboring Retail Centers Have Underwent Rehabilitation, & Are 100% occupied. Signalized, High Traffic Count Corner Lot. Ramon Road is the 2nd Most Traveled East-West Artery in The Western Coachella Valley. Significant Value Add Component. Cathedral City Lease Comparables Demonstrate a 90% Occupancy Area. Suites from 1,500-7,275 Sq Ft. Potential investors have the opportunity to produce significant cash flow, through aggressive management & The Ramon Plaza is a 70,131 square foot, multi-tenant neighborhood shopping center, niched in the heart of Cathedral City. The property is located on Ramon Road, a major thoroughfare of the Coachella Valley. (Ramon Road has been expanded to 3 lanes and has an average daily traffic count exceeding 50,000+ vehicles.) The plaza consists of three separate buildings, situated on a 6.64-acre corner lot. The propertys configuration, visibility, zoning, ample parking, available suites ranging from 1,500-7,275 Sq. Ft. & strategic location, all contribute, to make the Ramon Plaza an ideal location for a diverse tenant base. Surrounding retail properties demonstrate a growing market near 100% occupancy.

Details

MLS#IV19092560
StyleRetail
Sub-TypeResale
StatusActive
Year1985
Days On Site62

Features

SQ Feet70,131
Story(s)0
Units27

Market Activity 92234

Loading Form

Loading Form

Area Information

StateCA
CountyRiverside
CityCathedral City
Zip Code92234
Area335 - Cathedral City North
Listing VS Median (in 92234)
Price:
$8,999,000
low | high
Med:
$228,200
100% of Average
SqFt:
70,131
low | high
Med:
1,086
100% of Average
$ / SqFt:
$128
low | high
Med:
$213
16.059604979486% of Average
On Site:
62
low | high
Med:
119
52.100840336134% of Average
Listing Updated: 06/21/2019
MLS Number: IV19092560
Listing Provided By:
ALBERT LE  of  LE INVESTMENT GROUP
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.
Real Estate Links Our Domains