51-370 AVENIDA BERMUDAS, La Quinta, CA 92253 - office property

Detailed information about office property which situated in La Quinta (92253) city, California state on 51-370 AVENIDA BERMUDAS.

Additional Information: NAI Capital is proud to present 51-370 Avenida Bermudas for Sale. Subject site constants of a stand alone, two-story approximately 3,500 square foot, multi-tenant office building, located on approximately 10,890 square foot parcel. Building was constructed in the early 80’s according to current ownership and is divided into five office suites. Three of the current tenants within the subject building are on month-to-month lease arrangements allowing a potential buyer the ability to occupy almost any space within the subject building and / or take advantage of the below market rental rates through future increases. Subject site is located within the Old Town La Quinta vicinity and is within walking distance to several lunch and dinner restaurants as well as banking, shopping, post office and residential districts. With ideal visibility and access via frontage on Avenida Bermudas; this site offers unique design with large patios, excellent views, vaulted ceiling, built-in kitchen, several restrooms, storage areas, French doors and many more fully improved features, including covered parking. Site is ideal for an Owner-User, whom may operate their business on-site, taking advantage of the benefits of ownership verse leasing, as well as additional income from tenants within the subject building. Some benefits of owning verse leasing include, fixed monthly mortgage payments (majority of leases include annual escalations, average 3-4% annually to keep pace with inflation), tax benefits (consult a Certified Public Accountant), Equity gains through pay down in loan (tenants in place will contribute to your equity gains), Net Operating Income will increase annually, depending on tenants lease structure (typically 3-4% annually), Building will appreciate over time (4% annually is average increase throughout the past 20 years) and most importantly, Pride of Ownership. Price at $899,000 or $256.86 per square foot, ownership is willing to make a deal and may assist with down payment assistance. SBA financing is available for qualifying Owner-Users which will allow for as little as 10% down. Contact listing brokers for more information about this opportunity. - Excellent Owner-User opportunity. - Ideal, Old Town La Quinta vicinity. - Unique design with large patios, fully improved office suites. - Multi-tenant office building, fully leased. - Motivated Seller may assist with down payment assistance. - Call broker for more information as well as financing options via SBA with as little as 10% down for qualifying applicant. FOR MORE INFORMATION ON THIS PROPERTY VISIT: WWW.THEMEADE-GROUP.COM