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$1,600,000
550 Days On Site

68686 Summit Drive
Cathedral City, CA 92234

For Sale|Industrial|Active
0
Beds
0
Full Baths
0
Partial Baths
6,214
SqFt
$257
/SqFt
1978
Built
County:
Riverside
Listed by Sarkis Ter-Minasyan of Craft & Bauer Real Estate Co. [email protected]

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(909) 954-6259
68686 Summit Drive68686 Summit Drive68686 Summit Drive68686 Summit Drive
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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 Cathedral City's industrial district. Seize this exclusive chance to integrate a truly turnkey asset into your investment portfolio. Discover the intersection of secure tenancy, financial growth, and strategic location with this industrial offering in Cathedral City.

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Listing Snapshot
Price 
$1,600,000
Days On Site 
550 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,214 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.4 Acres
Year Built 
1978
MLS® Number 
SB23118101
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
11 months agoPrice changed to $1,600,000
11 months agoListing updated with changes from the MLS®
2 years agoStatus changed to Active
2 years agoListing first seen on site
General Features
Acres 
0.4
Additional Property Use 
Industrial
Number Of Stories 
1
Property Sub Type 
Industrial
Security 
Security Gate
Special Circumstances 
Standard
SqFt Total 
6214
Utilities 
Natural Gas AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
IP - GREEN ZONE
Interior Features
Laundry Features 
None
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Exterior Features
Fencing 
Chain Link
Community Features
Financing Terms Available 
Cash1031 Exchange
MLS Area 
336 - Cathedral City South


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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