Palm Springs, CA 92262 401 E Tahquitz Canyon Way
$2,500,000
Pending
Presented By: Larry Strong with Larry Strong Commercial Real E;
SQFT • 22,659
Home Details
NOIA Building/Cap Rate 8.9/ Seller Financing and Trades Accepted! The NOIA Building is anchored by Sherman's Deli & Bakery and it's occupants are a variety of businesses ranging from retail, services and real estate.There is ample on-site parking and the property has been completely remodeled and redecorated, and the exterior has recently been re-painted. Tenants have high speed internet as well as paid utilities (except phone). Management is included. Security available.
The property is currently 100% occupied.
In the heart of Palm Springs, the NOIA building is located one block from the new downtow City Center, the Spa Hotel & Casino as well as the Hard Rock Hotel and the Palm Springs Convention Center.
This property is on leased land and there are 35 years left on the lease. Owner financing is available, trades accepted!
Presented By: Larry Strong with Larry Strong Commercial Real E;
Interior Features for 401 E Tahquitz Canyon Way
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2
Other Rooms
Entry Level1
General for 401 E Tahquitz Canyon Way
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Building FeaturesElevators
Building NameNOIA Building
Cap Rate8.9
Carport Y/NNo
CityPalm Springs
CoolingCentralAir
CountyRiverside
Days on Market4
DirectionsCross Streets: N Palm Canyon Drive
Electric On Property Y/NNo
Garage Y/NNo
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet62726.0
Lot Size UnitsSquareFeet
MLS Area332 - Central Palm Springs
MobileHomeRemainsYNNo
Net Operating Income222779.0
New ConstructionNo
Occupancy TypeTenant
Operating Expense217561.0
Private PoolNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
TermsCash, CashToNewLoan
View Y/NNo
Waterfront Y/NNo
Year Built1985
Year Built SourceAssessor
Exterior for 401 E Tahquitz Canyon Way
Building Area Total22659.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLotOver40000Sqft, StreetLevel, Walkstreet
Lot Size Acres1.44
Lot Size Area62726.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480