Garnet Avenue Single-Tenant — Sale in Palm Springs, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Palm Springs, CA 92262
  • Year built: 1989

Investment Figures

Cap rate
6.96%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The property is a vacant 13,924-square-foot single-tenant industrial flex building situated on 1.81 acres of land. It features concrete tilt-up construction, which provides a durable and low-maintenance exterior. The building has a clear height of 17 feet, allowing for efficient use of space and accommodating a variety of industrial and logistics operations. Three 14’ x 14’ grade-level doors provide easy access for loading and unloading goods. A fire sprinkler system is also installed, ensuring a safe working environment. The property's layout is flexible and can be adapted to suit different users, including industrial, logistics, or office-intensive operations. This flexibility makes it an attractive option for a range of potential tenants or owner-users. The property is available for immediate owner use or a lease-up opportunity, providing a chance for investors to capitalize on the demand for industrial space. The property's location offers excellent visibility along Interstate 10, with exposure to approximately 89,000 vehicles per day, making it an ideal spot for businesses that require high visibility and accessibility (California Department of Transportation). Its proximity to large-scale industrial developments also enhances its appeal, providing opportunities for collaboration and networking with neighboring businesses. The Coachella Valley submarket, where the property is located, had an industrial vacancy rate of 5.8 percent in Q1 2026, which was significantly lower than the overall Inland Empire market average of 8.8 percent. This indicates a strong demand for industrial space in the area and a competitive market for landlords. The area's strong economic growth and limited supply of available industrial properties make it an attractive location for businesses and investors alike. Investment Highlights: • Vacant 13,924-Square-Foot Single-Tenant Industrial Flex Property on 1.81 Acres • Featuring Concrete Tilt-Up Construction, 17' Clear Height, Three 14' x

Market Context

This industrial in Palm Springs, CA is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1989. It has been on the market for 78 days. Compare it against other industrial listings for sale in Palm Springs, CA — view the full market.

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