OFFICE OFFICE CONDOMINIUMS FOR - SALE OR LEASE MAGNESIA FALLS PLAZA 72000-72100 Magnesia Falls Drive, Rancho Mirage, California
PROPERTY PHOTOS
PROPERTY INTERIOR PHOTOS
PROJECT OVERVIEW & SITE PLAN 3 SPACES LEFT!! Located near the Corner of Bob Hope Drive & Highway 111 in Rancho Mirage: Across the Street from The River & Rancho Las Palmas Shopping Center Office Plaza is Quiet with Private & Convenient Parking 72000 2 available 72100 3 available 1 available Beautifully Landscaped Property Professionally Maintained Signage Visible from Highway 111 Less than 3 miles from Eisenhower Medical Center, El Paseo Shopping District and College of the Desert MAGNESIA FALLS DRIVE Approved For Medical Use Matthew V. Johnson, Founding Partner
OFFICE CONDOMINIUMS OPTION 3 - SALE OR LEASE 72100 MAGNESIA FALLS DRIVE, SUITE 3 - FLOOR PLAN EXAMPLE PATIO OFFICE #6 CUBICLES PRINTER OFFICE #3 OFFICE #5 OFFICE #4 CONDOMINIUM SIZE Sales Price ($179 PSF) 2,267 SF Ownership $ 405,793 * Unfinished Tenant Improvements (est. $75.00 PSF) $ 170,025 Total Price $ 575,818 **Finished Down Payment (10% SBA 504) $ 57,582 Loan Payment $ 3,094 Monthly Payment Operating Expenses Est. $ 907 Total Monthly Payment Year 1 $ 4,001 RESTROOM IT ROOM BREAK ROOM REF. Ten Year Performance Monthly Payment Year 10 $ 4,001 Equity in Year 10 $ 310,687 RESTROOM OFFICE #2 OFFICE #1 Lease Monthly Lease Rate Year 1 $ 4,284.63 *** RECEPTION WAITING AREA CONFERENCE ROOM * Shell Building Only, No Interior Improvements ** Interior Improvements, Budgted at $75.00 Per Square Foot *** Single Tenant NNN Lease. Base Rent $1.49/SF Plus Operating Expenses Estimate $.40/ SF
72100 MAGNESIA FALLS DRIVE, SUITE 1 - FLOOR PLAN EXAMPLE CONDOMINIUM SIZE Sales Price ($179 PSF) 3,427 SF Ownership $ 613,433 * Unfinished Tenant Improvements (est. $75.00 PSF) $ 257,025 Total Price $ 870,458 **Finished Down Payment (10% SBA 504) $ 87,046 Loan Payment $ 4,661 Monthly Payment Operating Expenses Est. $ 1,371 Total Monthly Payment Year 1 $ 6,032 Ten Year Performance Monthly Payment Year 10 $ 6,032 Equity in Year 10 $ 471,606 Lease Monthly Lease Rate Year 1 $ 6,477.03 *** * Shell Building Only, No Interior Improvements ** Interior Improvements, Budgted at $75.00 Per Square Foot *** Single Tenant NNN Lease. Base Rent $1.49/SF Plus Operating Expenses Estimate $.40/ SF
72000 MAGNESIA FALLS DRIVE, SUITE 2 - FLOOR PLAN EXAMPLE CONDOMINIUM SIZE 4,922 SF Ownership Tank Rm. Patient Rm. #4 Patient Rm. #3 Patient Rm. #2 Hall Exam #7 Exam #8 Admin #3 Utility Rm. Exam #6 Exam #5 Nurses Station Toilet Toilet Hall Admin #1 Admin #2 Hall Exam #4 I. T. Rm. Exam #2 Exam #1 Employee Lounge Sales Price ($179 PSF) $ 881,038 * Unfinished Tenant Improvements (est. $75.00 PSF) $ 369,150 Total Price $ 1,250,188 **Finished Down Payment (10% SBA 504) $ 125,019 Loan Payment $ 6,835 Monthly Payment Operating Expenses Est. $ 1,969 Total Monthly Payment Year 1 $ 8,804 Patient Rm. #1 Storage Toilet Toilet Reception Office Ten Year Performance Monthly Payment Year 10 $ 8,804 Equity in Year 10 $ 659,677 Waiting Rm. Lease Monthly Lease Rate Year 1 $ 9,302.58 *** * Shell Building Only, No Interior Improvements ** Interior Improvements, Budgted at $75.00 Per Square Foot *** Single Tenant NNN Lease. Base Rent $1.49/SF Plus Operating Expenses Estimate $.40/ SF
OPPORTUNITY HIGHLIGHTS Own your own professional office condominium - For Less Than You Can Rent! Complimentary space plan to optimize your design efficiency. Shell condition, ready for your custom tenant improvements. Flexible sizing to fit any business needs. As little as 10% down with site approved SBA Financing program. Private patios for your enjoyment. Matthew V. Johnson, Founding Partner
LOCATION FACTS Next to Rancho Las Palmas Shopping Center Walk to The River Retail Center Focal Point of Transport between Eastern and Western Coachella Valley DEMOGRAPHICS & TRAFFIC Traffic Count: 38,280 ADT Bob Hope Drive & Highway 111 BOB HOPE DRIVE Magnesia Falls Plaza Distance to Eisenhower Medical Center - 1.8 Miles Distance to El Paseo Shopping: 2.3 Miles Interstate 10: 10 Minutes via Bob Hope Dr. Matthew V. Johnson, Founding Partner