MLS® ID: IV18081988

68100 Ramon Road

Cathedral City, California, 92234

$8,999,000 Active
  • - SQFT
One Million Dollar Price Reduction, Seller is Very Motivated. -9.88% ProForma CAP Rate Achieved Though Continued Rehabilitation & Stabilization. -Interest Only Financing Offered by Logix Federal Credit Union. Interest Only Terms; 50% Down Payment, 5.25% Interest Rate for 1 Year. Estimated monthly interest payments of $19,685 (This offering is for one multi-tenant shopping center located at 68100 Ramon Road in Cathedral City. The property is divided into 3 separate building referred to as A-B, C & D. Property is on one Lot and has a single APN. Call or email Le Investment Group for the marketing package.) 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 three 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 property’s configuration, visibility, zoning, ample parking, available suites ranging from 1,500-7,275 Sq. Ft. and strategic location, all contribute, to make the Ramon Plaza an ideal location for a diverse tenant base. The offering represents a true value-add asset, with below market rents, month-to-month tenants and a rare opportunity to reposition a pad building, with a premium location, on Ramon Road frontage.
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Listing courtesy of LE INVESTMENT GROUP

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    92234
  • Office name
    LE INVESTMENT GROUP
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Office
  • Year built
    0
  • Lot size
    289238.00
  • Tax year
    0
  • Agent name
    ALBERT LE
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Office ID
    IVLEIN
  • Agent ID
    IVLEALBER

Location

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