340

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340

palm-springs, CA 92262
Asking Rate
Contact for rate
Asset Type
Office
Class
Class B

What's Special

340 N Palm Canyon Drive is situated in the heart of downtown Palm Springs, California. The surrounding neighborhood is characterized by a high-density mix of retail boutiques, upscale dining, and mid-century modern architecture. The property benefits from high visibility and pedestrian traffic, with immediate proximity to the Palm Springs Art Museum and the city’s major hospitality hubs. Access to the site is supported by regional thoroughfares and the nearby Palm Springs International Airport, which is located less than three miles away. This office asset is well-suited for professional services, creative agencies, or administrative headquarters seeking a central presence in the Coachella Valley. The location aligns with the needs of firms requiring frequent client interaction and proximity to civic amenities. Typical tenants include legal practices, real estate firms, and design studios that prioritize a walkable, service-rich environment for employees. The building’s configuration supports both traditional partitioned layouts and open-concept workspaces conducive to modern business operations.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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