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Nacha Subramanian
Direct Office:
510-579-4385
nacha@nacharealestate.com
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Nacha Subramanian
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Direct Office:
510-579-4385
nacha@
nacharealestate.com
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Buyer Info
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FOR SALE
$1,600,000

68686 Summit Drive
Cathedral City, CA 92234

Business Opportunities
Commercial
6,214
Sq. Ft.
0.4
Acre Lot
Courtesy: Sarkis Ter-Minasyan - Craft & Bauer Real Estate Co.; Email: sarkis@novagroup.la
Home> California> Cathedral City> 92234
A remarkable opportunity awaits in the bustling Cathedral City GREEN ZONEan established Opportunity Zonewith 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 Cathe
CRSB23118101
Business Opportunities, Other
Riverside
1978
0.4 Acres
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Sarkis Ter-Minasyan - Craft & Bauer Real Estate Co.; Email: sarkis@novagroup.la

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