Palm Desert Condominiums
74380 El Camino Palm Desert, CA
Status:
Sold
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
Condominiums
No. of Units
15
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.
