Sold
Rancho Mirage, CA
40315 Cholla Lane
Ending Price
$16,000,000
Prime Location: Nestled between Palm Springs and Palm Desert, the property is well positioned in a high-traffic area with excellent visibility. Its proximity to key landmarks like Eisenhower Hospital and El Paseo, which are major destinations, further enhances its appeal. High Growth Potential: The Coachella Valley is experiencing significant population growth, which is expected to continue over the next few years. This demographic trend can drive demand for healthcare services and retail establishments, benefiting the Professional Eye Center. Traffic and Visibility: Located at the intersection of CA-111 and Magnesia Falls Drive, the office enjoys high visibility and heavy daily traffic, making it easily accessible and highly noticeable. Facilities: The office boasts 5,000 square feet of rentable space with a lot size of 23,087 square feet. The layout includes private exam rooms, a circular flow design for patients, and a dedicated eye glass and contact lens center, which can generate ancillary revenue. Condition and Amenities: The building is in great condition with covered and uncovered parking options. The fact that it can generate cash flow from Day 1 is a significant advantage. Affluent Area: Being in an affluent location adds to the attractiveness of the property. It likely attracts a higher-end clientele who may be seeking premium eye care services. Overall, this location seems ideal for a business in the healthcare or retail sector, particularly for optometry or related fields, due to its strategic positioning, high visibility, and robust local market growth. Current rent is $12,000 per month. Business wants to continue paying similar rent to new property owner.