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72306 California Highway 11...

Updated Oct 28, 2024

Sage Investco Sells Retail Property On Highway 111 In Palm Desert For $5M Through Hanley Investment Group
SOLDRetail

Sage Investco Sells Retail Property On Highway 111 In Palm Desert For $5M Through Hanley Investment Group

72306 California Highway 111, Palm Desert, California 92260, United States

$5,000,000

$733/SF

Building Size

6,816 SF

Asset Type

Retail

Closing

Aug 16, 2022

About this deal

AI

The retail property located at 72306 Highway 111 in Palm Desert has been sold for a price of $5,000,000. The property spans 6,816 square feet, resulting in a price per square foot of $733.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,000,000
  • Address: 72306 Highway 111, Palm Desert
  • Market: Palm Desert

The seller of the property was Sage Investco. The sale was facilitated by brokers Eric Wohl and CJ Kiehler from Hanley Investment Group.

The retail sale at 72306 California Highway 111, Palm Desert, California 92260, United States in Palm Desert, California sold for $5M in 2022. The building is 6,816 square feet, implying about 733 per square foot on the published price. Eric Wohl, CJ Kiehler, Hanley Investment Group appear on the sale alongside Hanley Investment Group. This page is the Palm Desert, California file for the 72306 California Highway 111, Palm Desert, California 92260, United States retail sold: pricing, party profiles, and other closed retail comps from the same Palm Desert sit in the Market section below. Filter that Palm Desert retail set by closing date to see what else sold near 72306 California Highway 111, Palm Desert, California 92260, United States around 2022. Published consideration for 72306 California Highway 111, Palm Desert, California 92260, United States is $5M, dated 2022. Cite this Sage Investco Sells Retail Property On Highway 111 In Palm Desert For $5M Through Hanley Investment Group sale when underwriting similar retail product around Palm Desert, California.

On the Map

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$5,000,000

$733/SF

Retail

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Players

Eric Wohl

Hanley Investment Group

Broker

$77.9M

vol

12 deals

Broker
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Palm Desert Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $733 per square foot on a published $5M for 6,816 square feet (2022).

Visit Eric Wohl to view all their deals.

Browse California retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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