US LBM | Absolute NNN Lease — Sale in Palm Springs, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Palm Springs, CA 92264
  • Year built: 1950

Photos

US LBM | Absolute NNN Lease — Sale in Palm Springs, CA, photo 1 of 4
US LBM | Absolute NNN Lease — Sale in Palm Springs, CA, photo 2 of 4
US LBM | Absolute NNN Lease — Sale in Palm Springs, CA, photo 3 of 4
US LBM | Absolute NNN Lease — Sale in Palm Springs, CA, photo 4 of 4

Investment Figures

Cap rate
5.50%

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

--Strong Credit Tenant -Market Leadership: US LBM Operates Over 460 Locations Across the U.S. with Over $8 Billion in Annual Revenue -Well Capitalized: Tenant is Backed by Bain Capital and Platinum Equity -E-Commerce & Recession-Resilient: US LBM Business Model Is Well-Suited to Thrive in Various Economic Conditions --Strong Real Estate Fundamentals -Highly Desirable Site: The Property Boasts a Rare 1.26-Acre Lot of Useable Outdoor Storage Space, a Key Feature in Today’s Market -Prime Location: Located in Central Palm Springs with a High Barrier to Entry for New Development -Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market -High Average Household Income: Average Household Income Within Three Miles Exceeds $108,000, Supporting Local Spending Capacity and Demand for Service-Oriented Commercial and Industrial Uses Investment Highlights: • US LBM: One of the Nation's Largest Building Materials Distributors • In-Place Rent is Currently More than 50% Below Market Rates • Low Price Point: Offers Investors a Lower Total Capital Requirement for an Absolute NNN Industrial Asset

Market Context

This industrial in Palm Springs, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1950. Compare it against other industrial listings for sale in Palm Springs, CA — view the full market.

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