• University Commerce Center
  • University Commerce Center
  • +3 images University Commerce Center
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University Commerce Center

Off-Market

75400 Gerald Ford Drive, Palm Desert, CA 92211

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Flex - Industrial
  • Property Size 110,000 Sqft
  • Lot Size 8.42 Acre
  • Parking Spaces Avail. 484
  • Parking Ratio 4.40/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2007

Location

  • City Palm Desert, CA
  • Zip Code 92211
  • Market Inland Empire

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Palm Desert

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Palm Desert Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $26.02
  • 2020 Office Vacancy Rate 6.03%
  • 2020 Office Completions (Sqft)
View more Palm Desert market trends

Tax

  • Property Tax in 2021-2022 $165,746
  • Market Value $13,336,500
  • Assessed Value $13,336,500

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of University Commerce Center?

University Commerce Center totals 110,000 square feet.

When was this property built?

University Commerce Center was built in 2007.

What is the property tax for University Commerce Center?

The property tax for University Commerce Center in 2021-2022 was $165,746.

What is the market value for University Commerce Center?

The market value for University Commerce Center in 2021-2022 was $13,336,500.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.