360-368 N Palm Canyon Dr

Highlights

• 6.81% Proforma Cap Rate Possible in 12 months (call broker for details)
• ATTRACTIVE LOCATION - Located right in the heart of Downtown Palm Springs, next to the new 168-room Thompson Hotel
• CONVENIENT ACCESS - Easily reachable via both major streets that run through Downtown Palm Springs
• SIGNIFICANT UPSIDE POTENTIAL - Opportunity to increase value through lease-up, rental rate adjustments, or repositioning strategy
• STRONG DEMOGRAPHICS - 1-mile population of 5,595 with an average household income of $115,708, 3-mile population of 39,866 with an average household income of $109,017
• STRONG FOOT TRAFFIC & VISIBILTY - Situated on the vibrant N Palm Canyon Dr, the property benefits from strong pedestrian foot traffic. Over 25,938 vehicles per day along Palm Canyon Drive & Indian Canyon Dr
• TOURISM HUB - Palm Springs attracts millions of visitors annually, providing a robust customer base for retail tenants
• VERSATILE SPACE - Encompassing 14,078 square feet, the property offers a blend of retail and residential spaces, catering to diverse tenant needs

Location