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Lino's 74875 Hovley Lane East 7,506 SF Industrial Building Palm Desert, CA 92260 $3,000,000 ($399.68/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Frontage
- Hi Traffic Area
- Covered Parking
EXECUTIVE SUMMARY
Owner operates a German Car repair facility built by exisiting owner. No in ground lifts, No fuel in ground. Business assets include all major components furniture fixtures, and equipment including 7 above ground lifts. This transaction has no specific financial allocation for FF&E at this time. The business currently is operating and will transfer in its entirity should a buyer wish to operate or modify. The building has exceptionally nice offices, reception area, customer waiting area, clean operating bays, roll up doors, great frontage, across the street from the Marriott Resort. Zoning is light insustrial. Parking lot is paved with great stripping, and the property site is over 45,700 square feet at 1.05 acres. Securred Yard. Shown by appointment only. Do not approach the business or staff. Land Formerly owned by Avis Rent a Car
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Floor Drains
- Security System
- Signage
- Reception
- Air Conditioning
- Smoke Detector
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Number | 624-290-049 | Improvements Assessment | $752,819 |
| Land Assessment | $414,368 | Total Assessment | $1,167,187 |
PROPERTY TAXES
Parcel Number
624-290-049
Land Assessment
$414,368
Improvements Assessment
$752,819
Total Assessment
$1,167,187
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Lino's | 74875 Hovley Lane East
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