Palm Desert Condominiums

74380 El Camino Palm Desert, CA



Close of Escrow: 04/07/2018

Total Number of Units: 15

Year Built: 1963

Sale Price: $2,200,000

Price per Unit: $146,667

Price per Square Foot: $232.80

CAP Rate: 9.51%

GRM: 9.26

Unit Type


No. of Units


Le Investment Group was pleased to represent the Seller & Buyer of this modified NNN Leased asset. The lease has an initial term of Five (5) years, to be executed at close of escrow. Highlight include Three (3), Five (5) year options to extend with a 1.5% rental increase every Two (2) years.