COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES€¦ · Mod-Shop ’Til You Drop: Uptown Design...

664, 666, 668 NORTH PALM CANYON DRIVE, PALM SPRINGS, CA

COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES Palm Desert, CA

664, 666, 668 North Palm Canyon Drive Palm Springs, CA 92262



Confidential Offering Memorandum

This is neither an offer to sell nor a solicitation of an offer to buy a security.

Information about this investment offering must be read in conjunction with

a Confidential Offering Memorandum, which contains additional important

information and important disclosures about the property and the offering.

Prospective investors should consult their own tax or legal advisors to

evaluate the tax consequences of any investment. The information in this

material is current as 05/24/2017, unless otherwise noted.

Neither Owner nor Broker, nor any of their respective officers, Agents or

principals has made or will make any representations or warranties, express

or implied, as to the accuracy or completeness of this Marketing Package or

its contents. Analysis and verification of the information contained herein is

solely the responsibility of the prospective buyer, with the property to be sold

on an “As Is - Where Is” basis, without any representations as to the physical,

financial, or environmental condition of the property. Please DO NOT

Contact Tenant. Contact Broker to arrange access to property.

Presented by: Rob Wenthold Cal BRE #01153834

Coldwell Banker Commercial Lyle & Associates

78000 Fred Waring Drive Suite 200 Palm Desert, CA 92211 (760) 641-7602 M(760) 772-6499 [email protected]

TABLE OF CONTENTS

Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Surrounding Area . . . . . . . . . . . . . . . . . . . . . . 2, 3

Offering Summary . . . . . . . . . . . . . . . . . . . . . . 4

Rent Roll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Demographics . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Comparables Report . . . . . . . . . . . . . . . . . . . . 7, 8

Plat Map. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Aerial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Building Photos. . . . . . . . . . . . . . . . . . . . . . . . . 11, 12

Site Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13-16

Contacts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

mailto:[email protected]



Palm Springs' answer to the HOTTEST addresses

Currently available For Sale in the highly desirable Uptown Design District! This multi-use Property is comprised of two separate two story buildings. 664 N. Palm Canyon Drive encompasses approx. 3,630 sq. ft. on the first level with approx. 809 sq. ft. on the second level. 666-668 N. Palm Canyon Drive encompasses approx. 3,298 on the first level with approx. 5,253 sq. ft. on the second level.

This A+ location provides unobstructed visibility in one of the highest foot-traffic areas of Palm Springs. Surrounded by numerous Resorts/Boutique Hotels, countless trendy Restaurants, numerous noteworthy Retailers and several elite neighborhoods. Mountain views from every angle and abundant Private Parking add to the Property's never-ending list of accolades.

Truly a unique opportunity for any Investor or Owner-User seeking to acquire an integral part of Palm Springs' iconic real estate!

Located on the East side of N. Palm Canyon Drive, between the intersections of E. Granvia Valmonte and W. Merito Place.

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SURROUNDING AREA

Mod-Shop ’Til You Drop: Uptown Design District

It’s official: When it comes to Modern design, Palm Springs is one of The Most “Stylish” Cities in America.

That’s according to Wayfair.com, the nation’s largest online-only retailer for home decor and furnishings. Based on their per capita statistics for Modern-style furnishings sales, Palm Springs easily beat out every other stylish U.S. city - including Beverly Hills and Miami.

Palm Springs (or “Mod Mecca” as Architectural Digest dubbed it) is home to the world’s largest collection of intact Midcentury Modernist architecture. The city remains at the forefront of Modern’s newfound worldwide renaissance - mainly thanks to eleven days of February Mod-madness otherwise known as Palm Springs Modernism Week, the largest event of its kind on Earth. Palm Springs’ population more than doubles during the celebration, held concurrently with the Modernism Show & Sale (for decor and furnishings) and Palm Springs Fine Art Fair (for post-war and modern art).

But where can you buy a piece of the action the rest of the year? In Mod Mecca, pretty much everywhere.

Palm Springs overflows with one-of-a-kind boutiques brimming with hard-to-find vintage Midcentury Modern decor and updated 21st Century Modern reinterpretations. Brand-new stores and short-term pop-up shops continually reshape Palm Springs’ ever-evolving retail scene.

Excerpted July 28, 2017 @ 4:00 PM from http://www.visitpalmsprings.com/blog/supershopping/2015/05/mod-shop-til-you-drop.

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SURROUNDING AREA (Aerial)

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Population 1 Miles 3 Miles 5 Miles

Total Population (US Census 2010) 5,585 37,835 75,055

Total Population (Current Year) 6,308 42,269 82,412

Total Population (Five Year Projection) 6,404 44,018 86,047

Adult Population (US Census 2010) 4,900 32,286 59,730

Adult Population (Current Year) 5,606 36,652 67,257

Adult Population (Five Year Projection) 5,713 38,211 70,684

Housing & Households 1 Miles 3 Miles 5 Miles

Total Households (Current Year) 3,633 21,514 35,123

Total Households (Five Year Projection) 3,751 22,842 37,491

Per Capita Income (2010 US Census, based on Total Population) $41,935 $35,018 $29,128

Per Capita Income (Current Year, based on Total Population) $44,076 $36,938 $30,440

Per Capita Income (Five Year Projection, based on Total Population) $54,338 $44,893 $36,838

Average (Mean) Household Income (Current Year) $76,378 $72,196 $71,136

Consumer Expenditures (Current Year) 1 Miles 3 Miles 5 Miles

Retail Sales Volume 1 Miles 3 Miles 5 Miles

Total Retail Demand $58,901,846 $356,829,975 $601,467,219

General Merchandise, Apparel and Accessories, Furniture and Other Sales $14,605,321 $88,402,371 $149,880,612

Food & Beverage Stores $10,263,835 $62,074,444 $104,536,340

Foodservice & Drinking Places $9,558,764 $57,075,999 $96,588,143

General Merchandise Stores $8,668,469 $52,426,565 $88,383,339

2016/2017 Demographics provided by Experian through Alteryx

DEMOGRAPHICS

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COMPARABLES REPORT

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PLAT MAP

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AERIAL

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BUILDING PHOTOS (664 North Palm Canyon Drive)

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BUILDING PHOTOS (666-668 North Palm Canyon Drive)

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FLOOR PLAN

664 North Palm Canyon Drive

First Floor

Measured Area: 2,638 SF

Patio/Bar: 992 SF

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FLOOR PLAN


Mezzanine

Measured Area: 809 SF

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FLOOR PLAN


First Floor


Stair: 96 SF

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FLOOR PLAN


Second Floor


Stairs: 157 SF

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CONTACT INFORMATION

Rob Wenthold, Vice President Cal BRE #01153834 COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES 78000 Fred Waring Drive, Suite 200 Palm Desert, CA 92211 (760) 772-6400 T(760) 641-7602 [email protected]

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mailto:[email protected]

COLDWELL BANKER COMMERCIAL LYLE & ASSOCIATES€¦ · Mod-Shop ’Til You Drop: Uptown Design...

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