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1488 North Palm Canyon Drive
Palm Springs, CA 92262
Asking Price
$4.00M
Cap Rate
5.25%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Mid-Century Modern Design in Palm Springs, CA <ul><li>The asset features a high-quality, city-mandated Mid-Century Modern design tailored to complement Palm Springs' architectural heritage. The building boasts premium glass storefront components and an investment of over $100,000 in custom architectural awnings, enhancing curb appeal and securing long-term residual value.</li><li>Situated along North Palm Canyon Drive (23,464 VPD), the property commands excellent visibility along the primary commercial artery connecting downtown Palm Spri
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NOI
$80,000
Cap Rate
2.00%
DSCR
0.34
Underwater
Cash-on-Cash
-13.12%
Monthly Payment
$19,789.818
Annual Cash Flow
$-157,477.81
