CATHEDRAL CITY INDUSTRIAL DEALS NOW

  • $6,950,000

Description

68945 Perez Rd Cathedral City, CA 92234 29,416 SF 77% Leased Industrial Building $6,950,000 ($236.27/SF) 8.66% Cap Rate

The Industrial High-Yield Jackpot with a Golden Ticket

In today’s market, finding a passive industrial investment is a win. Finding one with an 8.66% cap rate and assumable, low-interest financing? That’s a legend. This property on Perez Road is a financial powerhouse—a stabilized, NNN asset with a national credit tenant and a cash-on-cash return that is virtually unmatched.

Why This Property is a Golden Opportunity

  • The Financial Engine: Forget trying to secure new financing at today’s sky-high rates. This asset comes with assumable interest-only financing at an incredible 4% fixed rate until 2028, and a low 4.5% rate through 2033. This is your “golden ticket” to a staggering 14.79% cash-on-cash return, creating a level of profitability that is a rarity in any market.
  • The Stabilized & Secure Asset: This is the definition of a low-risk, high-reward investment. The property is a multi-tenant NNN industrial gem, meaning you get passive income without the hassle of property taxes, insurance, or maintenance. Anchoring the property is a national credit tenant, Caliber Collision, who has been operating at this location since 1995. That’s a 30-year track record of stability and commitment that you can take to the bank.
  • Location is the Ultimate Amenity: The property is in the heart of the Perez Road corridor, a thriving business district that’s been known as a design and art hub for over 30 years. It’s located adjacent to Highway 111, the main artery connecting the entire Coachella Valley. Surrounded by showrooms, light industrial businesses, and the new Agua Caliente Casino, this is a prime location that will always be in demand.
  • Built to Last: The building isn’t just a place to hold tenants; it’s a quality asset. With concrete construction, an upgraded facade, and a new concrete parking lot, this property has been maintained with institutional quality in mind, ensuring its value and appeal for years to come.

Investor “Hot Take” This isn’t just a real estate transaction; it’s a strategic financial move. In a market where high-yield assets are scarce, this property offers a top-tier in-place cap rate combined with an assumable loan that supercharges your return. The long-term, national credit tenant provides stability, while the prime location on Perez Road ensures future appreciation. This is the kind of opportunity you wait for.

Net Operating Income$601,830$20.46

PROPERTY FACTS

Price$6,950,000Lot Size1.72 AC
Price Per SF$236.27Rentable Building Area29,416 SF
Sale TypeInvestmentNo. Stories1
Cap Rate8.66%Year Built/Renovated1989/2023
Sale Condition1031 ExchangeParking Ratio2.58/1,000 SF
Property TypeIndustrialClear Ceiling Height16’
Property SubtypeShowroomNo. Drive In / Grade-Level Doors8
Building ClassAOpportunity ZoneYes 
ZoningI-1 – Light Industrial

Bottom Line:

Don’t miss your chance to own a piece of the desert’s most profitable industrial real estate.

For more information and to schedule an exclusive showing, please reach out to the broker. You can also view more of our listings on our website. argossy.com/properties/

Links

Cathedral City Economic Development
Argossy International Properties

Call Marie Cappello, Broker at (760) 507-1222

  • Address: 68945 Perez Rd Cathedral City, CA 92234
  • Zip/Postal Code: 92234

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