Retail•Strip Center•For Lease
El Cielo Center
440 El Cielo Road, Palm Springs, California 92262
The subject project is a neighborhood retail shopping center located on 3.22 acres and consists of approximately 21,688 square foot. Anchored by Spectrum, this multi-tenant retail center is 93.7% leased. Property is constructed as wood frame and is located on the signalized NEC of E. Ramon Road and S. El Cielo Road.
Property also has two outparcels, one on the hard corner of E. Ramon and El Cielo and the other fronting on El Cielo. Both parcels may accommodate additional buildable area to the subject project and will allow investors additional potential upside in the investment.
Highly desirable corner location with an excess of parking. Space is rarely available but due to retirement, one small space is coming available. The center is anchored by Spectrum's hub location with nearly 6000 square feet and many years remaining on the lease. Tenant mix includes restaurants, convenience stores, salons, dry cleaners and more businesses to serve the surrounding neighborhood.
NEC of El Cielo & Ramon Road in Palm Springs, CA El Cielo Shopping Center is ideally located at the entrance to the Palm Springs International Airport and surrounded by established rooftops.
· Parked at 8.38/1,000, 123 free surface stalls.
· Fully Improved multi-tenant commercial project, with only one vacancy.
· Vacancy factor of only 6.2%.
· Good traffic counts of +/-39K cars per day.
· Built April, 1990
· Zoning: C-1
· Hard corner of E. Ramon Road and El Cielo drive in Palm Springs,
- • Gross Square Footage: 21,688 sq. ft.
- • +/-9% CAP!
- Large Parcel, 3.22 acres with two additional developable pads.
- Below market rental rates allowing for future upside.
- Long term, established tenants
- Parked at 8.38/1,000, 123 free surface stalls.
- Fully Improved multi-tenant commercial project, with only one vacancy.
- Vacancy factor of only 6.2%.
- Good traffic counts of +/-39K cars per day.
- Built April, 1990
- Zoning: C-1
- Hard corner of E. Ramon Road and El Cielo drive in Palm Springs, California.
- Highly trafficked
- Entrance to Palm Springs International Airport
- Ingress and egress on EL Cielo
- Rarely any availability
- 360 degrees of rooftops
2/7/2020 10:11:15 PM
2/27/2020 9:49:36 PM