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72415 Park View Dr, Palm De...

CBRE Acquires Medical Office In Palm Desert For $4.3M
SOLDOffice

CBRE Acquires Medical Office In Palm Desert For $4.3M

72415 Park View Dr, Palm Desert, CA, USA

$4,300,000

$464/SF

Building Size

9,257 SF

Asset Type

Office

Closing

Aug 28, 2021

AI

Located at 72415 Park View Dr. in Palm Desert, this medical office was recently sold in a closed transaction. The property spans approximately 9,257 square feet and was sold for $4,300,000, resulting in a price per square foot of $464.

Summary of transaction details

  • Property Type: Medical Office
  • Sale Price: $4,300,000
  • Square Footage: 9,257
  • Price per Square Foot: $464
  • Address: 72415 Park View Dr.
  • Market: Palm Desert

In this transaction, the buyer was represented by Cray Carlson and Kevin Sin from CBRE, while Noel Ramos from Wilson Meade acted as the seller's representative.

Players

Cray Carlson

CBRE

Broker

$147.1M

vol

16 deals

Broker

Palm Desert Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93