Соединенные ШтатыКалифорнияCathedral City68686 Summit Drive

Cathedral City, Калифорния, Riverside County, 92234

$1,600,000
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6,214 Площадь (кв. фт)
Жилая Площадь
17424 Sq Ft.
Экстерьер
Коммерческий
Тип недвижимости
1978
Год постройки
CRSB23118101
Веб-идентификатор
CRSB23118101
Номер в системе MLS
Palm Springs Unified
Школьный округ

68686 Summit Drive

A remarkable opportunity awaits in the bustling Cathedral City GREEN ZONEan established Opportunity Zonewith 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 Cathe

Listing Courtesy of Sarkis Ter-minasyan , Craft & Bauer Real Estate Co.

PROPERTY INFORMATION

Parking Description
Electric Gate
Water
Public
Listing Courtesy of Craft & Bauer Real Estate Co.
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Listing Courtesy of Craft & Bauer Real Estate Co.
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