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74199 El Paseo Drive

Palm Desert, CA 92260
  • $29,430,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 219124726
UPDATED: 36 min ago
$29,430,000
  • 0
    BEDS
  • 5.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2001
County:

School Ratings & Info

Description

Currently 87.3% leased, One El Paseo Plaza is a dynamic, Class A office/restaurant complex totaling 86,835 net rentable square feet. The Property consists of two two-story buildings and an adjacent restaurant pavilion that creates a high-image campus in a premier business setting with the highest quality in design, appeal and function. Features include modern architectural designs, striking granite lobbies and interior finishes, flexible floor plates, and abundant parking ratios of 3.5/1,000 square feet including highly-coveted assigned and covered parking. The Property's institutional-quality construction and design combines with an amenity-rich location to create a sought-after, trophy project. One El Paseo Plaza provides an investor with the opportunity to assume two (2) existing loans on the property totaling $16,429,520 ($3,029,520 loan at 5.27% and $13,400,000 loan at 6.69%).

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©2025 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2025-04-20T21:35:23.193. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.bradschmett.net/homes/160499720
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74199 El Paseo Drive Palm Desert, CA 92260

  • Price: $29,430,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 36 min ago
  • MLS #: 219124726
0
Beds
0
Baths
0
½ Baths
5.02
Acres
2001
Built
Neighborhood:
323 - Palm Desert South
County:
Riverside
Area:
323 - Palm Desert South
Property Description
Currently 87.3% leased, One El Paseo Plaza is a dynamic, Class A office/restaurant complex totaling 86,835 net rentable square feet. The Property consists of two two-story buildings and an adjacent restaurant pavilion that creates a high-image campus in a premier business setting with the highest quality in design, appeal and function. Features include modern architectural designs, striking granite lobbies and interior finishes, flexible floor plates, and abundant parking ratios of 3.5/1,000 square feet including highly-coveted assigned and covered parking. The Property's institutional-quality construction and design combines with an amenity-rich location to create a sought-after, trophy project. One El Paseo Plaza provides an investor with the opportunity to assume two (2) existing loans on the property totaling $16,429,520 ($3,029,520 loan at 5.27% and $13,400,000 loan at 6.69%).
Exterior Features

Total Covered Spaces 70.00 Total Parking Spaces 300.00 Total Uncovered Assigned Spaces 230.00

Property Features

Building Features Elevator Building Name One El Paseo Plaza Cross Streets Highway 111 Property Sub Type Office Sale Type Standard

Listing information © 2025 California Desert Association of Realtors.
Listing provided courtesy of Sam Rasmussen of Ocean Properties Development: (858) 273-6600.
©2025 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2025-04-20T21:35:23.193. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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