This property represents a fully leased & stabilized asset, offering investors a rare chance to acquire a medical retail building structured as a sale-leaseback with current tenant, Rancho Mirage Optometry. The location is owner-operated and has been upgraded throughout, making it a compelling investment opportunity.
Acquired at $3.8M -
Now Valued at $6,000,000
Located in the same plaza as Costco Wholesale, Monterey Shore Plaza is located in the Coachella Valley and ideally situated in a dominant retail intersection adjacent to Interstate 10. The location offers great exposure for essential retailers and service providers. It is well positioned to serve the 425,000 year round residents, 150,000 snowbirds and 3 million tourist annually.
Acquired at $1.45M -
Sold at $2M sixty days later
5,400 SF retail storefront located in the Heart of Palm Desert. The recent $18,000,000 renovation was strategically designed to enhance pedestrian traffic, benefiting surrounding shopping, dining, and retail establishments, including the subject property.
Acquired at $1.1M -
Now Valued at $1,600,000
The recent $18,000,000 renovation was strategically designed to enhance pedestrian traffic, benefiting surrounding shopping, dining, and retail establishments, including the subject property. Furthermore, the City of Palm Desert recently authorized and funded an $8,500 project to complete a mural situated on the north wall of the subject property. This artistic creation, designed by Kathleen Goff, captures the unique features of the Coachella Valley.
CVS Sold at $4.2M - Represented Landlord
CVS anchored shopping center. Highly visible, signalized intersection of Jefferson Street and Fred Waring Drive. Coachella Valley's highest volume Dutch Bros Coffee location at site.
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Sold at $1.85M - Represented Buyer
CVS anchored shopping center. Highly visible, signalized intersection of Jefferson Street and Fred Waring Drive. Coachella Valley's highest volume Dutch Bros Coffee location at site.
Space Leased: 25,000 SF
New Lease Size: 40,000 SF
31833 Date Palm Drive, Cathedral City, CA
Tenant: Jerry's Hot Deals + Furniture Depot
Brokers Involved: Omar Hussein and Chad Vogt of Beacon Realty Advisors represented both sides of the deal. Jerry's Deals is an online dispensary comparable website dedicated to providing transparency and convenience for cannabis users. It tracks Long Beach, Bellflower, Santa Ana and Los Angeles operations.
Space Leased: 8,970 SF
New Lease Size: 32,000 SF
31833 Date Palm Drive, Cathedral City, CA
Tenant: The Pickled Bar
Brokers Involved: Omar Hussein and Chad Vogt of Beacon Realty Advisors represented the landlord. The Pickled Bar, an indoor picklball venue with four climate - controlled courts and a bar with food options, has signed a lease for 8,970 square feet in Monterey Shore Plaza. This move should help increase the popularity of pickleball locally,
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