3001 E Tahquitz Canyon Way, Palm Springs, CA 92262

$2,050,000
Property Type: Commercial Sale Square Footage: 11,530 Lot Size (sq. ft.): 37,897 Status: Closed
Current Price: $2,050,000 List Date: 7/28/2020 Last Modified: 5/14/2026

Overview

Description

This Prime Office/Medical Building is in a premium location across from Palm Springs City Hall, next to the Courthouse and Police Station and a block from Palm Springs International Airport. In prime condition and 100% leased with a strong tenant mix and attractive spaces. Much of the interior has had extensive tenant improvements in recent years. There is a full wrap around balcony with mountain views (very desirable for tenants.) The common areas are beautifully maintained. and there is abundant parking. Excellent investment at less than $190 psf. Quality plus upside potential ( see notes below).

Listing Details MLS# 219046744

General Property Information

Approx SqFt
11530
SqFt Source
Assessor
Total SqFt Max
11530
Lot Acres
0.87
Lot Size Source
Assessor
Office SqFt
11530
Year Built
1980
Cross Streets
El Cielo

Property Features

Business Type: Professional/Office Sale Type: Standard Financing: Cash; Conventional; Owner May Carry; Owner Will Carry Listing Terms: Cash; Conventional; Owner May Carry; Owner Will Carry Tenant Pays: A/C; Electric; Gas/Heat; Janitor; Phone; Refuse Removal; Sewer; Taxes; Water Asset Class: Office Building Features: Elevator Land Use: Office Signage: Sign Freestanding Exterior Construction: Stucco; Wood Heating: Forced Air Search Tags: Office/Retail Contingent Upon: Inspection Disclosures: None

Listing Location and Property Info

APN
502220013
Original List Price
2185000
Property Sub-Type
Own Your Own
Street #
3001
Street Direction
E
Street Name
Tahquitz Canyon
Street Suffix
Way
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Country
US

Listing Info

Accounting Type
Actual

Property Info

Building # of Stories
2
# Buildings
Yes
Building Status
Existing

Status Change Info

Status Change Date
2020-10-30
Pending Date
2020-10-21
Closed Date
2020-10-29
Closed Price
2050000

More Information

Income

Effective Gross
149420
Net Profit
142037

Business Info

Cap Rate
6.5
Lease Type
NNN

Water

Water District Name
DWA
Listing Office: Compass
Listing Agent: Scott Lyle
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
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