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 transaction closed in less than 30 days for $2 million ($266/SF)

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Marty Clouser

Cal Broker DRE# 00912230

(818) 391-7491

[email protected]

realtor

(310) 887-6446

Properties (the "Property") are offered together with improvements thereon "as is, where is" with no warranty expressed or implied. The Seller and Brokers make no representations regarding the Property offered for sale such as size and condition of improvements, lot size, boundaries, zoning, code violations, compliance with applicable ordinances, property features, rights, obligations, etc. All information and documents provided by the Seller and Brokers are from sources deemed to be reliable but are not guaranteed. A prospective purchaser must rely on its own investigation and inspections prior to purchasing. Property is offered subject to withdrawal or prior sale at any time prior to a legally binding purchase and sale agreement. The legally binding purchase and sale agreement contains the entire agreement between parties and supersedes all prior communications, whether oral or written, express or implied, between the parties. EQUAL HOUSING OPPORTUNITY

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