Property Description

A remarkable opportunity awaits in the bustling Cathedral City GREEN ZONE—an established Opportunity Zone—with this 6,214 sq. ft. industrial asset set on a 17,424 sq. ft. lot. Occupied by a solid Auto Body Shop under a 5-year NNN lease, this investment assures an unburdened cash flow, with the tenant responsible for all property expenses including taxes, insurance, and maintenance. The lease comes with a 5% + CPI annual increase clause, promising a rising income stream that maximizes your investment year over year. The NNN structure of the lease underscores a hassle-free investment, allowing you to enjoy the full benefits of the property’s earnings without the need for hands-on management. Nestled in a pro-cannabis city, the property offers versatile use, whether you choose to continue with the existing auto body shop or explore opportunities in the evolving cannabis sector. Its prime location in an Opportunity Zone not only fosters operational growth but also amplifies fiscal gains through potential tax benefits. With a commitment to providing financial clarity and transparency, the comprehensive rent roll will be disclosed to interested buyers, outlining the structured progression of returns. This property is a testament to enduring value and potential in the heart of Cathe

Features
: Electric Gate
Address Map
CA
Riverside
Cathedral City
92234
68686 Summit Drive
0
W117° 32' 12.6''
N33° 47' 10.7''
Take I-10 East toward San Berna
MLS Addon
Craft & Bauer Real Estate Co.
Sarkis Ter-Minasyan
sarkis@novagroup.la
CR363781325
CR371176698
CR362507012
: Public

Commercial Sale For Sale

68686 Summit Drive, Cathedral City, California 92234

6,214 Sqft
$1,600,000
Listing ID #CRSB23118101
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRSB23118101
Price : $1,600,000
Square Footage : 6,214 Sqft
Year Built : 1978
Lot Area : 17,424 Sqft
Status : Active
Property SubType : Comm Ind For Sale
Agent info
Michael Roberts
Contact Agent