FOR SALE - LoopNet · Pest Control: $1,068 License & Permits: $225 Total: $119,926. SUBJECT...

FOR SALEMulti-Tenant Office Building

Property Highlights

Steve Sanchez CalBRE# 01955428760.837.1880

ssanchez@wilsonjohnson.net

Scott R. Wilson CalBRE# 00937623760.837.1880

swilson@wilsonjohnson.net

• Two Story Office Complex

• Elevator Service

• Heart of Downtown La Quinta

• Covered Parking

• Across from City Hall, City Library and Old Town La Quinta

• Next to Jules Market Shopping Center

• Zoned Village Commercial

• Built 1986

• APN: 770-020-024

Information has been secured from sources we believe to be reliable, however, WILSON JOHNSON cannot guarantee its accuracy.

78150 Calle Tampico, La Quinta, CA$2,500,000Approx. 18,119 SF

78150 Calle Tampico, La Quinta, California

Information has been secured from sources we believe to be reliable, however, WILSON JOHNSON cannot guarantee its accuracy.

FOR SALEMulti-Tenant Office Building

ADDITIONAL PHOTOS

78150 Calle Tampico, La Quinta, California

Information has been secured from sources we believe to be reliable, however, WILSON JOHNSON cannot guarantee its accuracy.

FOR SALEMulti-Tenant Office Building

Investment Summary

PROPERTY INFORMATIONNet Rentable Sq. Ft.: 18,119 (approximate)Construction: Wood Frame/StuccoCross Streets: Calle Tampico & Desert ClubZoning: CV La QuintaLot Size: 1.02 Acres

INCOME AND EXPENSES CurrentScheduled Gross Income: $295,278 Less Vacancy (7.40%): $21,828Gross Operating Income: $273,750 Less Expenses: $119,926Net Operating Income: $153,524

INVESTMENT INFORMATION CurrentPrice: $2,500,000Capitalization Rate: Cost Per Sq. Ft.:

6.14%$137.98

EXPENSE DETAILTaxes (New): $29,322Insurance: $3,500Property Management: $14,400Utilities: $22,008Maintenance: $35,735Trash: $1,724Gardening: $7,089Fire Safety Monitoring: $935Phone: $1,594Elevator Maintenance: $2,326Pest Control: $1,068License & Permits: $225Total: $119,926

SUBJECT

78150 Calle Tampico, La Quinta, California

LOCATION MAP

Information has been secured from sources we believe to be reliable, however, WILSON JOHNSON cannot guarantee its accuracy.

FOR SALEMulti-Tenant Office Building