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.

  • MLS# IV19092560
  • Style Retail
  • Sub-Type Resale
  • Status Active
  • Year 1985
  • Days On Site 56
SQ Feet 70,131
Story(s) 0
Units 27
Listing Provided By:
ALBERT LE  of  LE INVESTMENT GROUP
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $8,999,000
3,899.56%
$225,000 in 92234
this listing 70,131 SqFt
4,632.19%
1,482 SqFt in 92234
this listing $128 $/SqFt
22.73%
$166 $/SqFt in 92234
this listing 56 on site
433.33%
10.500000 on site in 92234

Location

State CA
County Riverside
City Cathedral City
Zip Code 92234
Area 335 - Cathedral City North

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