Updated Dec 21, 2023
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
About this deal
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
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