664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
664, 666, 668 North Palm Canyon Drive Palm Springs, CA 92262
664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
Confidential Offering Memorandum
This is neither an offer to sell nor a solicitation of an offer to buy a security.
Information about this investment offering must be read in conjunction with
a Confidential Offering Memorandum, which contains additional important
information and important disclosures about the property and the offering.
Prospective investors should consult their own tax or legal advisors to
evaluate the tax consequences of any investment. The information in this
material is current as 05/24/2017, unless otherwise noted.
Neither Owner nor Broker, nor any of their respective officers, Agents or
principals has made or will make any representations or warranties, express
or implied, as to the accuracy or completeness of this Marketing Package or
its contents. Analysis and verification of the information contained herein is
solely the responsibility of the prospective buyer, with the property to be sold
on an “As Is - Where Is” basis, without any representations as to the physical,
financial, or environmental condition of the property. Please DO NOT
Contact Tenant. Contact Broker to arrange access to property.
Presented by: Rob Wenthold Cal BRE #01153834
Coldwell Banker Commercial Lyle & Associates
78000 Fred Waring Drive Suite 200 Palm Desert, CA 92211 (760) 641-7602 M(760) 772-6499 [email protected]
TABLE OF CONTENTS
Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Surrounding Area . . . . . . . . . . . . . . . . . . . . . . 2, 3
Offering Summary . . . . . . . . . . . . . . . . . . . . . . 4
Rent Roll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Demographics . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Comparables Report . . . . . . . . . . . . . . . . . . . . 7, 8
Plat Map. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Aerial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Building Photos. . . . . . . . . . . . . . . . . . . . . . . . . 11, 12
Site Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13-16
Contacts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
Palm Springs' answer to the HOTTEST addresses
Currently available For Sale in the highly desirable Uptown Design District! This multi-use Property is comprised of two separate two story buildings. 664 N. Palm Canyon Drive encompasses approx. 3,630 sq. ft. on the first level with approx. 809 sq. ft. on the second level. 666-668 N. Palm Canyon Drive encompasses approx. 3,298 on the first level with approx. 5,253 sq. ft. on the second level.
This A+ location provides unobstructed visibility in one of the highest foot-traffic areas of Palm Springs. Surrounded by numerous Resorts/Boutique Hotels, countless trendy Restaurants, numerous noteworthy Retailers and several elite neighborhoods. Mountain views from every angle and abundant Private Parking add to the Property's never-ending list of accolades.
Truly a unique opportunity for any Investor or Owner-User seeking to acquire an integral part of Palm Springs' iconic real estate!
Located on the East side of N. Palm Canyon Drive, between the intersections of E. Granvia Valmonte and W. Merito Place.
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
SURROUNDING AREA
Mod-Shop ’Til You Drop: Uptown Design District
It’s official: When it comes to Modern design, Palm Springs is one of The Most “Stylish” Cities in America.
That’s according to Wayfair.com, the nation’s largest online-only retailer for home decor and furnishings. Based on their per capita statistics for Modern-style furnishings sales, Palm Springs easily beat out every other stylish U.S. city - including Beverly Hills and Miami.
Palm Springs (or “Mod Mecca” as Architectural Digest dubbed it) is home to the world’s largest collection of intact Midcentury Modernist architecture. The city remains at the forefront of Modern’s newfound worldwide renaissance - mainly thanks to eleven days of February Mod-madness otherwise known as Palm Springs Modernism Week, the largest event of its kind on Earth. Palm Springs’ population more than doubles during the celebration, held concurrently with the Modernism Show & Sale (for decor and furnishings) and Palm Springs Fine Art Fair (for post-war and modern art).
But where can you buy a piece of the action the rest of the year? In Mod Mecca, pretty much everywhere.
Palm Springs overflows with one-of-a-kind boutiques brimming with hard-to-find vintage Midcentury Modern decor and updated 21st Century Modern reinterpretations. Brand-new stores and short-term pop-up shops continually reshape Palm Springs’ ever-evolving retail scene.
Excerpted July 28, 2017 @ 4:00 PM from http://www.visitpalmsprings.com/blog/supershopping/2015/05/mod-shop-til-you-drop.
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
SURROUNDING AREA (Aerial)
XXX
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
Population 1 Miles 3 Miles 5 Miles
Total Population (US Census 2010) 5,585 37,835 75,055
Total Population (Current Year) 6,308 42,269 82,412
Total Population (Five Year Projection) 6,404 44,018 86,047
Adult Population (US Census 2010) 4,900 32,286 59,730
Adult Population (Current Year) 5,606 36,652 67,257
Adult Population (Five Year Projection) 5,713 38,211 70,684
Housing & Households 1 Miles 3 Miles 5 Miles
Total Households (Current Year) 3,633 21,514 35,123
Total Households (Five Year Projection) 3,751 22,842 37,491
Per Capita Income (2010 US Census, based on Total Population) $41,935 $35,018 $29,128
Per Capita Income (Current Year, based on Total Population) $44,076 $36,938 $30,440
Per Capita Income (Five Year Projection, based on Total Population) $54,338 $44,893 $36,838
Average (Mean) Household Income (Current Year) $76,378 $72,196 $71,136
Consumer Expenditures (Current Year) 1 Miles 3 Miles 5 Miles
Retail Sales Volume 1 Miles 3 Miles 5 Miles
Total Retail Demand $58,901,846 $356,829,975 $601,467,219
General Merchandise, Apparel and Accessories, Furniture and Other Sales $14,605,321 $88,402,371 $149,880,612
Food & Beverage Stores $10,263,835 $62,074,444 $104,536,340
Foodservice & Drinking Places $9,558,764 $57,075,999 $96,588,143
General Merchandise Stores $8,668,469 $52,426,565 $88,383,339
2016/2017 Demographics provided by Experian through Alteryx
DEMOGRAPHICS
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
COMPARABLES REPORT
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
PLAT MAP
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
AERIAL
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
BUILDING PHOTOS (664 North Palm Canyon Drive)
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
BUILDING PHOTOS (666-668 North Palm Canyon Drive)
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
FLOOR PLAN
664 North Palm Canyon Drive
First Floor
Measured Area: 2,638 SF
Patio/Bar: 992 SF
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
FLOOR PLAN
664 North Palm Canyon Drive
Mezzanine
Measured Area: 809 SF
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
FLOOR PLAN
666 North Palm Canyon Drive
First Floor
Measured Area: 3,298 SF
Stair: 96 SF
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
FLOOR PLAN
666 North Palm Canyon Drive
Second Floor
Measured Area: 5,253 SF
Stairs: 157 SF
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664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA
COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA
CONTACT INFORMATION
Rob Wenthold, Vice President Cal BRE #01153834 COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES 78000 Fred Waring Drive, Suite 200 Palm Desert, CA 92211 (760) 772-6400 T(760) 641-7602 [email protected]
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