El Paseo Drive Palm Desert, California
Listed By Ocean Properties Development
The Commercial Property for Sale located at Palm Desert, California is currently for sale. Palm Desert, California is listed for $29,430,000. If the property located at Palm Desert, California isn't what you're looking for, visit https://devadmindomaintest1.xomio.com to see other Commercial Properties for Sale in Palm Desert .
Date Updated : Feb 18, 2025
MLS#: 373934442
$29,430,000 USD
Property features
Construction details
- Year built: 2001
Description
Currently 87.3% leased, One El Paseo Plaza is a dynamic, Class A office/restaurant complex totaling 86,835 net rentable square feet. The Property consists of two two-story buildings and an adjacent restaurant pavilion that creates a high-image campus in a premier business setting with the highest quality in design, appeal and function. Features include modern architectural designs, striking granite lobbies and interior finishes, flexible floor plates, and abundant parking ratios of 3.5/1,000 square feet including highly-coveted assigned and covered parking. The Property's institutional-quality construction and design combines with an amenity-rich location to create a sought-after, trophy project. One El Paseo Plaza provides an investor with the opportunity to assume two (2) existing loans on the property totaling $16,429,520 ($3,029,520 loan at 5.27% and $13,400,000 loan at 6.69%).
Location
