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500 S Indian Canyon Dr
Palm Springs, CA 92264

$4,557,700 USD

Bank For Sale  •  8,214 SF

Property Details

  • Property Type Bank
  • Total Building Size 8,214 SF
  • Lot Size 0.88 AC
  • Building Class C
  • Year Built 1978
  • Cap Rate 5.00 %
  • Tenancy Single
  • Zoning C1, Palm Springs
36 Transit Score
86 Walk Score

Highlights

Zero Landlord Responsibilities - NNN lease with tenant maintaining all aspects of the property including roof, structure, parking lot and maintenance
Drive-Thru Location - with five (5) public points of ingress & egress
Below Market Rent - average in-place rent for similar space in the trade area exceeds $3.00/PSF, while current in-place rent with US Bank is $2.60/PSF
Walkable distance to downtown Palm Springs; retail, boutique resorts, trendy restaurants, and elite neighborhoods, including notable retail tenants
Cap Rate: 5.00 %

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Palm Springs Amtrak (Sunset Limited - Amtrak, Texas Eagle - Amtrak) 12 min - 5.7 mi
AirportDriveWalkDistance
Palm Springs International 9 min - 4.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Arthur Flores 714-504-0262 CBRE, Inc.
Arthur Flores 714-504-0262 CBRE, Inc.