• Broker Randall Barondess 8059909940
  • Broker Joe Morreale 8059071315

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

View Photo

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

Price $3,000,000 Building Class B
Price Per SF $399.68 Lot Size 1.05 AC
Sale Type Investment or Owner User Rentable Building Area 7,506 SF
Cap Rate 6.50% No. Stories 1
Sale Condition 1031 Exchange Year Built 1999
Property Type Industrial Tenancy Single
Property Subtype
Warehouse
  • General Retail Auto Repair
  • FlexLight Distribution
Zoning mfg - light - Manufacturing/ Light
Price $3,000,000
Price Per SF $399.68
Sale Type Investment or Owner User
Cap Rate 6.50%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Repair
  • FlexLight Distribution
Building Class B
Lot Size 1.05 AC
Rentable Building Area 7,506 SF
No. Stories 1
Year Built 1999
Tenancy Single
Zoning mfg - light - Manufacturing/ Light

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Floor Drains
  • Security System
  • Signage
  • Reception
  • Air Conditioning
  • Smoke Detector

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

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

MAP

ADDITIONAL PHOTOS

View Photo front parking lot
View Photo waiting room
View Photo lifts
View Photo shop pic #1
  • Listing ID: 36149745

  • Date on Market: 6/6/2025

  • Last Updated: 7/2/2025

  • Address: 74875 Hovley Lane East, Palm Desert, CA 92260