74199 El Paseo Drive Palm Desert CA 92260 MLS #219124726DA

74199 El Paseo Drive
Palm Desert, CA, 92260
$29,430,000
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0 Baths
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0 Acres
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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%).

Property Details

Price:
$29,430,000
MLS #:
219124726DA
Status:
Active
Baths:
0
Address:
74199 El Paseo Drive
Type:
Commercial
City:
Palm Desert
Listed Date:
Feb 14, 2025
State:
CA
ZIP:
92260
Year Built:
2001
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