Home > Commercial > California > Cathedral City > 92234 > 36815 Cathedral Canyon Dr

36815 Cathedral Canyon Dr, Cathedral City, CA 92234

Commercial property for sale

  • Description
  • The property consists of a 3,000 sf restaurant called The Sunshine Cafe which has been operating at the same location for 16 years. The Seller will sign a brand new 5 year NNN lease at the rate of $0.75 per square foot. This will produce a NOI of $27,000 annually equal to a 9.15% cap rate. This transaction with a 70% LTV at 7.5% interest with 25 years amort, due 5 (loan terms quoted by Commerce West Bank) will produce a 16% cash on cash return which certainly beats a 2% or less bank account return. All this with a seasoned tenant in business for 16 years. Building price details: $295,000.
  • Property Details
  • Building Name: Sunshine Cafe
    Property Type: Retail
    Use Types: Restaurant
    Status: Available
    Price: $ 98 +/SF
    Year Built: 1950
    MSA: Riverside-San Bernardino-Ontario
    Zoning: C1
    Buildings: 1
    Tenancy: Single Tenant
    Terms: Sale/Leaseback
    Added: 01/28/2012
    Last Update: 03/12/2012
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 21
  • Contact info
  • 760-578-1466 [Office]
  • Note

  • Details Info about this row that located on 36815 Cathedral Canyon Dr, Cathedral City, CA 92234 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

    If you see any error or mismatches on this page – click here.