Views - Seller Financing
Address
71687 Ca-111 Rancho Mirage, CA
Price
$ 3,195,000
Property Attributes
  • MLS#219058986PS
  • TypeContingent
  • CountyRIVERSIDE
  • CityRancho Mirage
  • AreaRancho Mirage
  • Zip92270
  • Style
  • Price$ 3,195,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Scott Lyle with Compass.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Trophy Office Building in Rancho Mirage. Perfect for user who wants income to pay debt and operating expenses. Upstairs is fully leased to Medical and Tax account tenants that asked for no COVID concessions. Downstairs of approx. 7641 sq. ft is divided into 3 spaces with substantial tenant improvements. Could be all one use or rent out one or two of the spaces . Very flexible. Cap rate is based on fully leased. Built in 2009 and designed by famed architectural firm Priest Vusic the design is both striking and functional. Featuring a doomed metal roof that requires virtually no maintenance. Shows pride of ownership inside and out with significant tenant improvements invested. The suites have nice views and are very attractive. Elevator for 2nd floor. 44 Parking spaces plus 2 ADA parking. Attractive location for tenants in a mid-valley location across from The River Development with many fine restaurants , entertainment and shopping. Selling under cost if replacement at only $209 psf for this kind of quality. Excellent income and return.

Price History
3/18/2021 Listed $3,195,000

General Features

Building Name Swan Plaza
Business Type Professional/Office
Heating Forced Air
Listing Agent Scott Lyle - BRE#00700215
Listing Agent State License 00700215
MLS Area 321 - Rancho Mirage
Property Type Commercial Sale
Roof Composition
Special Listing Conditions Standard
Status Active Under Contract
Terms Cash, Conventional, Owner May Carry

Interior Features

Heating Y/N Yes

Exterior Features

Lot Features Sprinkler System
Lot Size Source Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 92270

Price
AVG $1.04M
$3.2M
Visits
AVG 68
28
Year Built
AVG 1987
2009
Walkscore
AVG 23
52
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover