71847...offering memorandum 71847 highway 111 rancho mirage, ca 92270 joshua joseph senior associate...

O F F E R I N G M E M O R A N D U M

71847H I G H W A Y 1 1 1R A N C H O M I R A G E , C A 9 2 2 7 0

JOSHUA JOSEPH Senior Associate Investment Sales

DRE: 02068313D: 213.802.0304E: [email protected]

KORENA ELLIS Vice President Investment Sales

DRE: 01430539D: 213.802.0238E: [email protected]

TABLE OF CONTENTS

0408121415

PROPERTY OVERVIEW

LOCATION OVERVIEW

FINANCIAL SUMMARY

PRESENTING AGENTS

DISCLAIMER

2http://rosanopartners.com

PROPERTYINFORMATION

PROPERTY OVERVIEW

71847 HIGHWAY 111RANCHO MIRAGE, CA

Property Description

premier shopping /dining, entertainment destination in Rancho Mirage. The property is well suited for medical offices or retail use . It is Currently occupied by Tenants, but they are planning to move in the near future. This is a great investment for an owner user or investor in the Palm Springs Valley which has seen a resurgence is popularity in recent years.

Rosano Partners is pleased to present a 7,250 SF four-unit retail/office built in 2003 (currently split into three units) at the Waterfront in Rancho Mirage. The Waterfront is positioned across the street from the River Shopping Center which is a

Property Summary

Property Type:

Building Size:Total Lot Size:Zoning:

4 Unit Retail/Office Buildingwith 20 Parking Spots7,250 SF9,147 SFC-G


FLOOR PLAN

SUITE A


FLOOR PLAN

SUITES B & C


LOCATIONINFORMATION

Location DescriptionRancho Mirage is one of the nine cities of the Coachella/Palm Springs Valley in Riverside County. It is sandwiched between Cathedral City and Palm Desert along the 111 Hwy. Population approximately 20,000. Rancho Mirage is an upscale community and hosts several resorts and golf courses including a Ritz Carlton Hotel and the Agua Caliente Resort Casino.

• Average daily traffic counts of over 58,000 cars per day• Located in the center of Rancho Mirage’s retail corridor with easy access from Highway 111• High net worth communities of Rancho Mirage and Palm Desert with average income levels of $102K per year.

LOCATION OVERVIEW

71847HIGHWAY 111

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SITE OVERVIEW

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WALTER

CLARK

Legal Group

71847HIGHWAY 111

COMM

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LEGAL

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Sahara St


71847HIGHWAY 111

LOCAL RETAILERS


FINANCIALS

FINANCIAL SUMMARY


RENT ROLL


PRESENTING AGENTS

KORENA ELLIS

DRE: 01430539

D: 213.802.0238E: [email protected]

Vice PresidentINVESTMENT SALES

JOSHUA JOSEPH

DRE: 02068313

D: 213.802.0304E: [email protected]

SENIOR ASSOCIATEINVESTMENT SALES


All materials and information received or derived from Rosano Partners, LLC its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, develop ability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither Rosano Partners, LLC its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Rosano Partners, LLC will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Rosano Partners, LLC makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Rosano Partners, LLC does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Rosano Partners, LLC in compliance with all applicable fair housing and equal opportunity laws.

DISCLAIMER


71847...offering memorandum 71847 highway 111 rancho mirage, ca 92270 joshua joseph senior associate...

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