36385 Bankside Dr, Cathedral City, CA 92234

7532 SF      20494 SF Lot      $2,000,000    SOLD

Vacant Warehouse


Marty Clouser of Kennedy Wilson Real Estate Sales & Marketing represented the buyer in the acquisition of this off-market vacant industrial building in Cathedral City, CA.

The building featured two roll-up doors for easy receiving, open interior space, generous off-street parking and sizable secured storage yard. Also, the property was recently updated with a 2nd water meter plus the installation of a sewer connection to city services and related decommissioning of the septic system. The buyer plans to update the buildings power system, reinforce the roof for additional HVAC and lease on a NNN basis. At the time of the sale similar vacant buildings in the same area were trading for $3 million or more.

The sale closed in March 2017 for $2 million ($266/SF)

Marty Clouser

Cal Broker DRE# 00912230

(310) 887-6422

mclouser@kennedywilson.com

realtor

310.887.6446

Name *

Email *

Phone *

Message *