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82360 US Highway 111, Indio, CA 92201

Commercial property

82360 US Highway 111, Indio, CA 92201 Sold March 2024 CRMLS
$2,350,000Sold March 2024

Listing Agent: Edwin Mariscal (DRE #01119480) · Listing Office: Edwin Mariscal, Broker · Contact: 562-822-3891 · Bought with: Randy Nehme · Citywide Brokers · MLS #DW23208152 · Source: CRMLS

9,230
Building Sq Ft
5
Units
7.33%
Cap Rate
$165,596
NOI
40,946 sqft
Lot Size
2004
Year Built
C
Zoning
Commercial property
Type

About this commercial property

The Offering • We are pleased to present a rare opportunity to acquire South Rubidoux ( 82360 Highway 111, Indio CA ) a strip center servicing the Coachella Valley located directly off the dominant desert artery Highway 111. Indio is the third fastest growing City in Southern California, and is the largest city in the desert by population with approximately 90,000 full time residents and more than 30,000 additional residents during winter months. The average household income exceed $96,000 within a 5 mile radius. The property been offered for sale is located directly across the Indio Grand Marketplace, a redevelopment of the current Indio Mall, which will feature up to 400 new residential units and hospitality element, further enhancing the overall location.

Listing description from the March 2024 sale, as reported to CRMLS.

Sale history

$2,350,000
Sold March 2024 · orig. $2,550,000, on market November 2023 · MLS #DW23208152 · Source: CRMLS
Listing Agent: Edwin Mariscal · Listing Office: Edwin Mariscal, Broker · Contact: 562-822-3891 · Bought with: Randy Nehme · Citywide Brokers
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