68686 Summit Drive, Cathedral City, CA 92234
-
Listed Price :
$1,600,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1978
Property Description
A remarkable opportunity awaits in the bustling Cathedral City GREEN ZONE—an established Opportunity Zone—with this 6,214 sq. ft. industrial asset set on a 17,424 sq. ft. lot. Occupied by a solid Auto Body Shop under a 5-year NNN lease, this investment assures an unburdened cash flow, with the tenant responsible for all property expenses including taxes, insurance, and maintenance.
The lease comes with a 5% + CPI annual increase clause, promising a rising income stream that maximizes your investment year over year. The NNN structure of the lease underscores a hassle-free investment, allowing you to enjoy the full benefits of the property's earnings without the need for hands-on management.
Nestled in a pro-cannabis city, the property offers versatile use, whether you choose to continue with the existing auto body shop or explore opportunities in the evolving cannabis sector. Its prime location in an Opportunity Zone not only fosters operational growth but also amplifies fiscal gains through potential tax benefits.
With a commitment to providing financial clarity and transparency, the comprehensive rent roll will be disclosed to interested buyers, outlining the structured progression of returns. This property is a testament to enduring value and potential in the heart of Cathedral City's industrial district.
Seize this exclusive chance to integrate a truly turnkey asset into your investment portfolio. Discover the intersection of secure tenancy, financial growth, and strategic location with this industrial offering in Cathedral City.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
68686 Summit Drive |
| City |
Cathedral City |
| State |
CA |
| Zip |
92234 |
| County |
Riverside |
| Listing Agent |
Sarkis Ter-Minasyan DRE #02062179 |
| Co-Listing Agent |
Lilit Ghalumian DRE #02096505 |
| Courtesy Of |
Craft & Bauer Real Estate Co. |
| List Price |
$1,600,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Industrial |
| Structure Size |
N/A |
| Lot Size |
17,424 |
| Year Built |
1978 |
Listing information courtesy of: Sarkis Ter-Minasyan, Lilit Ghalumian, Craft & Bauer Real Estate Co.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
