US Bank for Sale in Palm Springs, CA
Palm Springs, CA
Key Investment Metrics
Price
$3,798,083
Cap Rate
6.0%
Net Operating Income
$255,885
Building Size
8214 SF
Land Area
1.4 Acres
Remaining Term
4 years
Lease Expiration
05/12/2027
Lease Type
NNN
Tenant Credit
Credit Rated
Year Built
1959
Occupancy
100%
Tenancy
Single
Rent Increases
3% Annual Increases
Property overview
US Bank in Palm Springs
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 8,214 SF
- Land area
- 1.4 acres
- Year built
- 1959
- Lease type
- NNN
- Lease expiration
- 05/12/2027
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.