MLS® ID: IV18081988
68100 Ramon Road
Cathedral City, California, 92234 $8,999,000
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.