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BRIAN WARD SCOTT WILSON760.779.8846 760.837.1880
[email protected] [email protected] #01212003 CalBRE #00937623
SALE PRICE: $9,500,000
FOR MORE INFORMATION CONTACT:
CALBRE# 02051182
OFFICE BUILDING FOR SALE
J Paul Building79440 CORPORATE CENTER DR, LA QUINTA, CA 92253
FOR MORE INFORMATION CONTACT:
BRIAN WARD SCOTT WILSON760.779.8846 760.837.1880
[email protected] [email protected] #01212003 CalBRE #00937623
CalBRE# 02051182 Information has been secured from sources we believe to be reliable, however, WILSON MEADE cannot guarantee its accuracy.
SALE PRICE $9,500,000
Down Payment: $2,500,000
Seller Carried 1st Trust Deed: $7,000,000
Terms:5.0%, Interest only
payments due 36 mothsfrom COE.
Other:Seller to guarantee rent
& CAM at 90% occupancyfor 12 months from COE.
OFFERING SUMMARY
PROPERTY OVERVIEW
Wilson Meade is pleased to offer for sale the J Paul Building, a 42,542 square foot,multi-tenant medical and professional office building. Located just north of the Highway111 in the central La Quinta business district, the asset enjoys a vibrant tenant mix, stronghistorical occupancy and rental rates, and a competitive position in the sought after andunder-served La Quinta office sub-market. Offered for the first time since its construction,the J Paul Building offers a one year income guaranty as well as seller financing thatprovides the buyer with a cash pre-tax return of 11.65%!
PROPERTY HIGHLIGHTS
• Concrete driveways
• Ample parking
• Flex space with roll up doors
J Paul Building79440 CORPORATE CENTER DR, LA QUINTA, CA 92253
EXECUTIVE SUMMARY
CALBRE# 02051182
FOR MORE INFORMATION CONTACT:
BRIAN WARD SCOTT WILSON760.779.8846 760.837.1880
[email protected] [email protected] #01212003 CalBRE #00937623
CalBRE# 02051182 Information has been secured from sources we believe to be reliable, however, WILSON MEADE cannot guarantee its accuracy.
TENANT UNIT # SIZE (SF) LEASE START LEASE END RENT $/SF TYPE CAM
AVAILABLE 101 3,072 $5,376.00 $1.76 NNN $1,297.13
Urologist 102 1,982 04/01/2018 03/21/2021 $2,810.36 $1.42 NNN $836.88
Dentist 103 1,982 06/01/2017 05/31/2022 $2,965.83 $1.50 NNN $836.88
Insurance Agency 104 1,982 02/01/2015 01/31/2025 $3,403.09 $1.72 NNN $836.88
Thrift & Loan 105 1,982 06/01/2017 05/31/2022 $3,288.64 $1.66 NNN $836.88
AVAILABLE 106 1,982 $2,477.50 $1.25 NNN $836.88
Home Health Care 107 2,038 06/01/2017 05/31/2022 $2,201.04 $1.08 NNN $860.53
Neurology Center 108 2,085 07/01/2017 MTM $3,159.62 $1.52 NNN $880.37
AVAILABLE 109 2,240 $2,800.00 $1.25 NNN $945.82
Family Medical Doctors 110 2,240 11/01/2017 13/31/2022 $3,665.09 $1.64 NNN $945.82
J Paul Building79440 CORPORATE CENTER DR, LA QUINTA, CA 92253
RENT ROLL PAGE 1
CALBRE# 02051182
FOR MORE INFORMATION CONTACT:
BRIAN WARD SCOTT WILSON760.779.8846 760.837.1880
[email protected] [email protected] #01212003 CalBRE #00937623
CalBRE# 02051182 Information has been secured from sources we believe to be reliable, however, WILSON MEADE cannot guarantee its accuracy.
TENANT UNIT # SIZE (SF) LEASE START LEASE END RENT $/SF TYPE CAM
AVAILABLE 111A/B 2,240 $3,024.00 $1.35 NNN $945.82
Physical Therapy 112 2,240 06/01/2018 05/31/2021 $3,024.00 $1.35 NNN $945.82
Speech Therapist 113A 1,102 08/01/2017 07/31/2020 $1,342.64 $1.22 NNN $465.31
AVAILABLE 113B 1,182 $1,182 $1.00 NNN $499.09
AVAILABLE 114 2,284 $2,855 $1.25 NNN $964.40
Insurance Brokerage 115 2,284 06/01/2014 11/30/2019 $3,150.47 $1.38 NNN $964.40
Teacher Union 116 2,118 09/01/2015 08/31/2019 $1,927.38 $0.91 NNN $894.31
Internal Medicine 117 1,193 01/01/2015 12/31/2019 $2,356.36 $1.98 NNN $53.73
Imaging Center 118 2,975 10/01/2017 09/30/2019 $5,348.39 $1.80 NNN $1,256.17
Vein & Vascular Doctors 119 3,339 09/01/2017 08/31/2023 $5,008.50 $1.50 NNN $1,409.86
Table Totals 42,542 $61,365.91 $17,963.00
J Paul Building79440 CORPORATE CENTER DR, LA QUINTA, CA 92253
RENT ROLL PAGE 2
CALBRE# 02051182
FOR MORE INFORMATION CONTACT:
BRIAN WARD SCOTT WILSON760.779.8846 760.837.1880
[email protected] [email protected] #01212003 CalBRE #00937623
CalBRE# 02051182 Information has been secured from sources we believe to be reliable, however, WILSON MEADE cannot guarantee its accuracy.
Price $9,500,000Price per SF $223.31CAP Rate 6.75%Pre-Tax Cash on Cash Return Year One 11.65%
OPERATING DATA
Scheduled Gross Income $736,391Other Income (Expense Recapture) $215,556
Total Scheduled Income $951,947Vacancy Reserve (10%) <$95,195>
Gross Operating Income $856,752Operating Expenses
Taxes (NEW) $117,249Insurance $7,508Property Management $24,000Maintenance & Repairs $17,324Landscaping $12,390Electricity $4,507Water 414,660Trash $10,049Pest Control $884Legal & Administrative $2,205Fire Monitoring $3,730Window Washing $1,050
Total Expenses <$215,556>Net Operating Income $641,196
Debt Service <$350,000>Pre-Tax Cash Flow $291,196
J Paul Building79440 CORPORATE CENTER DR, LA QUINTA, CA 92253
FINANCIAL SUMMARY
CALBRE# 02051182
FOR MORE INFORMATION CONTACT:
BRIAN WARD SCOTT WILSON760.779.8846 760.837.1880
[email protected] [email protected] #01212003 CalBRE #00937623
CalBRE# 02051182 Information has been secured from sources we believe to be reliable, however, WILSON MEADE cannot guarantee its accuracy.
J Paul Building79440 CORPORATE CENTER DR, LA QUINTA, CA 92253
LOCATION MAPS
CALBRE# 02051182
FOR MORE INFORMATION CONTACT:
BRIAN WARD SCOTT WILSON760.779.8846 760.837.1880
[email protected] [email protected] #01212003 CalBRE #00937623
CalBRE# 02051182 Information has been secured from sources we believe to be reliable, however, WILSON MEADE cannot guarantee its accuracy.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 8,673 67,213 149,097
Median age 39.4 37.7 38.5
Median age (Male) 38.1 36.6 37.5
Median age (Female) 40.0 38.2 38.9
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 3,007 24,435 53,661
# of persons per HH 2.9 2.8 2.8
Average HH income $96,669 $86,218 $83,727
Average house value $500,028 $442,988 $410,959
* Demographic data derived from 2010 US Census
J Paul Building79440 CORPORATE CENTER DR, LA QUINTA, CA 92253
DEMOGRAPHICS MAP & REPORT
CALBRE# 02051182
