$29,430,000
5.02 Acre Lot

74199 El Paseo Drive, Palm Desert, California 92260

  • Commercial Sale Property Type
  • 2001 Year Built
Property 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%).

Basic Details
Commercial Sale
For Sale
219124726DA
$29,430,000
2001
5.02 Acre
Active
Features
$0
Address Map
CA
Riverside
Palm Desert
92260
El Paseo
74199
Drive
W117° 37' 48.1''
N33° 43' 14.3''
On westbound Highway 111, turn right into the parking lot.
323 - South Palm Desert
Additional Information
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Professional/Office
2025-02-13
Broker/Agent Information
Ocean Properties Development
Sam Rasmussen
Listing Information
CDAR-D24000
CDAR-oD6400
Active
2025-02-13T18:47:16Z
CRMLS
: Standard
2025-02-12T22:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069