UNIVERSITY PROFESSIONAL PLAZA...Plaza located in Palm Desert, California. This investment provides...
Transcript of UNIVERSITY PROFESSIONAL PLAZA...Plaza located in Palm Desert, California. This investment provides...
UNIVERSITY PROFESSIONAL PLAZA75030 GERALD FORD DRIVE | PALM DESERT, CA 92211
Offering Memorandum
CONFIDENTIAL ITY & DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intend-ed to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been pre-pared to provide summary, unverified information to prospective purchasers, and to establish only a prelimi-nary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.
NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commer-cial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILL ICHAP AGENT FOR MORE DETAILS .
N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C E
UNIVERSITYPROFESSIONAL PLAZA
O F F I C E S N A T I O N W I D E A N D T H R O U G H O U T C A N A D A
WWW.MARCUSMILLICHAP.COM
75030 GERALD FORD DRIVE
PALM DESERT, CAL IFORNIA 92211
75030 GERALD FORD DRIVEPALM DESERT, CALIFORNIA 921
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EXECUTIVE SUMMARYSECTION 1
COMPARABLE PROPERTIESSECTION 4
PROPERTY DESCRIPTIONSECTION 2
MARKET OVERVIEWSECTION 5
TABLE OF CONTENTS
EXCLUSIVELY LISTED BY:
UNIVERSITY PROFESSIONAL PLAZA
25 FINANCIAL ANALYSISSECTION 3
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0080321
EXECUTIVESUMMARY
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UNIVERSITY PROFESSIONAL PLAZA
75030 GERALD FORD DRIVE | PALM DESERT, CALIFORNIA 92211
OFFERING PRICE
$4,700,000CURRENT CAP RATE / PRO FORMA
4.32% / 8.29%VITAL DATA
Number of Tenants1 – Academy of Court Reporting
60% of the building
Lease Type Net
Total Building Area ±26,928 SF
Price / Sq. Ft. $174.54
Total Land Area ±1.39 Acres
NOI $203,189 / $389,663
Year Built 2007
UNIVERSITY PROFESSIONAL PLAZA
O F F E R I N G H I G H L I G H T S
60% OCC 90% OCC
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Marcus & Millichap Real Estate Investment Services is pleased to present for sale the University Professional
Plaza located in Palm Desert, California. This investment provides an opportunity for a new investor or owner/
user to acquire a two-story professional office complex with an ideal location in the Desert. A new purchaser
or owner/user will be acquiring this unique opportunity below replacement costs. The University Professional
Plaza offers a new investor significant upside potential through increased lease rates and occupancy.
Situated on 1.39 acres located at the southeast corner of the Interstate 10 Freeway and Cook Street, the Uni-
versity Professional Plaza offers visibility from both thoroughfares as well as immediate access to the freeway.
The subject property is in the heart of the Coachella Valley and is positioned just off the Interstate 10 Free-
way at the Cook Street exit adjacent to Kaiser Permanente Medical Plaza. The property features a dramatic
two-story lobby entrance with open stairs, elevator service, quality improvements throughout the building,
beautifully tiled restrooms and ample parking both covered and open. The Academy of Court Reporting,
Inc.(Milan Institute occupies the entire first
floor and a portion of the second floor for a
total square footage of 16,601.
I N V E S T M E N T H I G H L I G H T S
� Bank Ordered Sale/Value-Added Opportunity
� 4.32% Actual Cap/8.29% Proforma Cap
� Significantly Below Replacement Cost at $175/SF
� Prime Location at Interstate 10 Freeway and Cook Street Exit
� Freeway Visibility
� Modern Contemporary Construction
� Ideal Investment or Owner/User Opportunity
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GERALD FORD DRIVE
COOK STREET
INTERSTATE 10 FREEWAY
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PA L M D E S E R T Z O N I N G M A P
SUBJECT PROPERTIES75030 Gerald Ford DrivePalm Desert, CA 92211
PROPERTY TOURSProspective purchasers are encouraged to visit the subject property prior to submitting offers. How-ever, all property tours must be arranged with the Marcus & Millichap listing agents. Please do not contact the tenants, on-site management or staff without prior approval.
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UniversityNeighborhood
Specific Plan AreaLong-termCampus
Planning Area
INTERSTATE 10 FREEWAY
SUBJECT PROPERTIES75030 Gerald Ford DrivePalm Desert, CA 92211
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A E R I A L O F PA L M D E S E R T
Golf CoursesRetail, Hospitality, AttractionsColleges and SchoolsMedical Center
SUBJECT PROPERTIES75030 Gerald Ford DrivePalm Desert, CA 92211
INTERSTATE 10 FREEWAY
HIGHWAY 111
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HIGHWAY 111
INTERSTATE 10 FREEWAY
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0080321
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PROPERTYDESCRIPTION
UNIVERSITY PROFESSIONAL PLAZA
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P R O P E R T Y D E TA I L S
UNIVERSITY PROFESSIONAL PLAZA
Property Address 75030 Gerald Ford DrivePalm Desert, CA 92211
Leasable Area ±26,928 SF
Ownership Fee Simple
Year Built 2007
Number of Stories Two
Topography Level
Number of Tax Parcels 1
APN(s) 694-180-008
Foundation Concrete
Framing Concrete Tilt
Exterior Concrete
Parking Asphalt
Parking Spaces/Ratio ±110; 4.00/1000
Roof Composition
HVAC Roof Mounted
Utilities Individually Metered; Electric
Zoning Commercial, Palm Desert
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SUBJECT PROPERTIES75030 Gerald Ford DrivePalm Desert, CA 92211
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M A P O F PA L M D E S E R T
SUBJECT PROPERTIES75030 Gerald Ford DrivePalm Desert, CA 92211
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0080321
F INANCIALANALYSIS
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F INANCIALANALYSIS
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PRICE $4,700,000
Down Payment $4,700,000
Down Payment % 100%
Number of Suites One-tenant 1st Floor
2nd Floor AVAILABLE
Price Per SqFt
Rentable Built Area (RBA) ±26,928 SF
Lot Size ±1.39 Acres
Year Built/Renovated 2007
Occupancy 60%
RETURNS ACTUAL PROFORMA
CAP Rate 4.32% 8.29%
Net Operating Income $203,189 $389,663
FINANCING 1ST LOAN
Contact your Marcus and Millichap Capital Corporation representative.
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TENANT SUITE SF% OF
TOTAL SFCOMM. EXP. MONTHLY RENT RENT/SF CAM CAM/SF
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TYPE
Milan – Court Reporting 101-104, 203 16,601 61.65% 11/1/11 10/31/21 $19,959 $1.20 $9,416 $0.57 NET
VACANT 201 6,595 24.49% — — $9,233 $1.40 $3,759 $0.57 NET
VACANT 202 3,732 13.86% — — $5,411 $1.45 $2,127 $0.57 NET
Total Available 10,327 38% $14,644 $5,886
Total Occupied 16,601 62% $19,959 $9,416
TOTAL 26,928 100% $34,603 $15,302
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O P E R AT I N G S TAT E M E N T
UNIVERSITY PROFESSIONAL PLAZA
Property Address 75030 Gerald Ford DrivePalm Desert, CA 92211
Price $4,700,000
Down Payment $4,700,000
Rentable Square Feet ±26,928
Price/Rentable SF $174.54
CAP Rate–Current 4.32%
CAP Rate–ProForma 8.29%
Parcel Size 1.39 AC
Year Built 2007
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INCOME CURRENT PRO FORMA
Base Rent
Occupied Space $239,508 $239,508
Available Space at Market Rents $175,728 $175,728
Gross Potential Rent $415,236 $415,236
Expense Reimbursements $112,992 $183,624
Gross Potential Income $528,228 $598,860
Vacancy/Collection Allowance 33% $175,728 10% $59,886
Effective Gross Income $352,500 $538,974
TOTAL EXPENSES $149,311 $149,311
NET OPERATING INCOME $203,189 $389,663
EXPENSES CURRENT PRO FORMA
Real Estate Taxes (New) $54,050 $54,050
Insurance $14,443 $14,443
Utiltities $10,618 $10,618
Repair $5,459 $5,459
Janitorial $26,876 $26,876
Management Fee $13,218 $13,218
CAM $8,253 $8,253
Trash $1,777 $1,777
Elevator $7,265 $7,265
Fire Alarm/Security $2,477 $2,477
Misc. $4,825 $4,825
TOTAL EXPENSES $149,311 $149,311
EXPENSES / SF $5.55 $5.55
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0080321
COMPARABLEPROPERTIES
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PROPERTY NAME ADDRESS
UNIVERSITY PROFESSIONAL PLAZA 75030 GERALD FORD DRIVE, PALM DESERT, CA 92211
1 OFFICE BUILDING 50905 Avenida Bermudas, La Quinta, CA 92253
2 INDIAN WELLS PLAZA 45140-45280 Club Drive, Indian Wells, CA 92210
3 RKR CENTER 72171 Highway 111, Palm Desert, CA 92260
4 CANYON PLAZA 74399 Highway 111, Palm Desert, CA 92260
5 MEDICAL OFFICE BUILDING 1080 N. Indian Canyon Drive, Palm Springs, CA 9226
6 VILLAGE COURT 44801 Village Center Drive, Palm Desert, CA 92260
7 SEDONA MEDICAL PLAZA 81800 Dr Carreon Boulevard, Indio, CA 92201
8 SAGE PLACE 73255 El Paseo, Palm Desert, CA 92260
9 DESERT SPRINGS PROFESSIONAL PLAZA 1100 N. Palm Canyon Drive, Palm Springs, CA 92262
SUBJECT PROPERTIES75030 Gerald Ford DrivePalm Desert, CA 92211
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OFFICE BUILDING50905 Avenida Bermudas, La Quinta, CA 92253
UNIVERSITY PROFESSIONAL PLAZA75030 Gerald Ford Drive, Palm Desert, CA
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SALES PRICE $4,700,000
Year Built 2007
Cap Rate 4.32%
Price Per SF $174.54
Occupancy 60%
Parking 4.00/1,000
SALES PRICE $4,495,000
Sale Date Active
Year Built 2001
Rentable SF ±17,633
Price Per SF $254.92
No. of Tenants Single
Occupancy 100%
Parking Ratio 4.68/1,000 SF
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RKR CENTER72171 Highway 111, Palm Desert, CA 92260
INDIAN WELLS PLAZA45140-45280 Club Drive, Indian Wells, CA 92210
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SALES PRICE $6,001,000
Sale Date Active
Year Built 1989
Rentable SF ±26,404
Price Per SF $227.28
No. of Tenants Multi
Occupancy 84.4%
Parking Ratio 5,68/1,000
SALES PRICE $3,475,000
Sale Date Active
Year Built 1988
Rentable SF ±19,101
Price Per SF $181.93
No. of Tenants Multi
Occupancy 100%
Parking Ratio 2.62/1,000
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MEDICAL OFFICE BUILDING1080 N. Indian Canyon Drive, Palm Springs, CA 92262
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CANYON PLAZA74399 Highway 111, Palm Desert, CA 92260
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SALES PRICE $3,514,920
Sale Date Active
Year Built 1980
Rentable SF ±20,676
Price Per SF $170.00
No. of Tenants Multi
Occupancy 0%
Parking Ratio 3.79/1,000
SALES PRICE $3,800,000
Sale Date Active
Year Built 1973
Rentable SF ±15,000
Price Per SF $253.33
No. of Tenants Multi
Occupancy 100%
Parking Ratio 1.00/1,000
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VILLAGE COURT44801 Village Center Drive, Palm Desert, CA 92260
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SALES PRICE $4,675,000
Sale Date Active
Year Built 1990
Rentable SF ±16,894
Price Per SF $276.73
No. of Tenants Multi
Occupancy 53.2%
Parking Ratio 3.66/1,000
SEDONA MEDICAL PLAZA81800 Dr Carreon Boulevard, Indio, CA 92201
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SALES PRICE $4,300,000
Sale Date 12/07/2017
Year Built 2007
Rentable SF ±21,672
Price Per SF $198.41
No. of Tenants Multi
Occupancy 93.3%
Parking Ratio 1.93/1,000
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SAGE PLACE73255 El Paseo, Palm Desert, CA 92260
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SALES PRICE $7,200,000
Sale Date 02/09/2017
Year Built 1977
Rentable SF ±25,630
Price Per SF $280.92
No. of Tenants Multi
Occupancy 56.3%
Parking Ratio 3.08/1,000
DESERT SPRINGS PROFESSIONAL PLAZA1100 N. Palm Canyon Drive, Palm Springs, CA 92262
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SALES PRICE $12,500,000
Sale Date 08/11/2017
Year Built 1978
Rentable SF ±44,304
Price Per SF $296.99
No. of Tenants Multi
Occupancy 96.8%
Parking Ratio 4.50/1,000
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PROPERTY NAME ADDRESS
UNIVERSITY PROFESSIONAL PLAZA 75030 GERALD FORD DRIVE, PALM DESERT, CA 92211
1 MIRAGE PROFESSIONAL PLAZA 35400 Bob Hope Drive, Rancho Mirage, CA 92270
2 INDIAN WELLS PLAZA 45140-45280 Club Drive, Indian Wells, CA 92210
3 BERGER CHARITABLE CENTER 42600 Cook Street, Palm Desert, CA 92211
4 WILLOW VIEW OFFICE BUILDING 74130 Country Club Drive, Palm Desert, CA 92260
5 OFFICE BUILDING 73271 Fred Waring Drive, Palm Desert, CA 92260
6 UNIVERSITY COMMERCE CENTER 75410 Gerald Ford Drive, Palm Desert, CA 92211
7 KESSLER OFFICE BUILDING 71687 Highway 111, Rancho Mirage, CA 92270
8 INDIAN WELSS PROFESSIONAL 75280 Highway 111, Indian Wells, CA 92210
9 VILLAGE COURT 44801 Village Center Drive, Palm Desert, CA 92260
10 VILLAGE COURT PROFESSIONAL PLAZA 44651 Village Court Drive, Palm Desert, CA 92260
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Available SF —
Asking Rent/SF —
Year Built 2007
Occupancy 50%
Lease Type Net
Lot Size ±1.39 Acres
Parking Ratio 4.00/1,000
UNIVERSITY PROFESSIONAL PLAZA75030 GERALD FORD DRIVE, PALM DESERT, CA 92211
MIRAGE PROFESSIONAL PLAZA35400 Bob Hope Drive, Rancho Mirage, CA 92270
Rentable SF ±31,722
Available SF ±5,341
Year Built 2006
Occupancy 83.2%
Lease Rate $1.75–2.20 Net
Parking Ratio 3.89/1,000
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32 INDIAN WELLS PLAZA45140-45280 Club Drive, Indian Wells, CA 92210
Rentable SF ±26,404
Available SF ±4,900
Year Built 1989
Occupancy 81.4%
Lease Rate $1.75 Net
Parking Ratio 5.68/1,000
BERGER CHARITABLE CENTER42600 Cook Street, Palm Desert, CA 92211
Rentable SF ±50,454
Available SF ±12,614
Year Built 1987
Occupancy 75%
Lease Rate $1.75–1.50 MG
Parking Ratio 3.78/1,000
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4 OFFICE BUILDING73271 Fred Waring Drive, Palm Desert, CA 92260
WILLOW VIEW OFFICE BUILDING74130 Country Club Drive, Palm Desert, CA 92260
Rentable SF ±21,095
Available SF ±3,375
Year Built 2005
Occupancy 84%
Lease Rate $1.45 MG
Parking Ratio 2.88/1,000
Rentable SF ±15,000
Available SF ±4,350
Year Built 1987
Occupancy 71%
Lease Rate $1.75 MG
Parking Ratio 1.00/1,000
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76 KESSLER OFFICE BUILDING71687 Highway 111, Rancho Mirage, CA 92270
UNIVERSITY COMMERCE CENTER75410 Gerald Ford Drive, Palm Desert, CA 92211
Rentable SF ±22,000
Available SF ±2,420
Year Built 2005
Occupancy 89%
Lease Rate $1.95–2.25 Net
Parking Ratio 4.40/1,000
Rentable SF ±15,316
Available SF ±7,352
Year Built 2009
Occupancy 52%
Lease Rate $1.50 Net
Parking Ratio 3.29/1,000
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L E A S E C O M PA R A B L E S
VILLAGE COURT44801 Village Center Drive, Palm Desert, CA 92260
INDIAN WELLS PROFESSIONAL75280 Highway 111, Indian Wells, CA 92210
Rentable SF ±22,000
Available SF ±2,210
Year Built 2007
Occupancy 90.9%
Lease Rate $1.65–1.95 Net
Parking Ratio 2.82/1,000
Rentable SF ±16,894
Available SF ±4,730
Year Built 1990
Occupancy 72%
Lease Rate $1.75–1.85 Net
Parking Ratio 3.66/1,000
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10 VILLAGE COURT PROFESSIONAL PLAZA44651 Village Court Drive, Palm Desert, CA 92260
Rentable SF ±45,000
Available SF ±12,224
Year Built 2007
Occupancy 95.5%
Lease Rate $1.80 Net
Parking Ratio 10.00/1,000
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0080321
MARKETOVERVIEW
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MARKETOVERVIEW
UNIVERSITY PROFESSIONAL PLAZA
The city of Palm Desert is located in Riverside County and is approximately 120
miles from San Diego and Los Angeles. Palm Desert is also part of Coachella
Valley, a place famous for its annual music and arts festival, which contributes
millions to the area economy as it attracts more than 100,000 visitors each of its
six days. The region’s climate also makes it a winter destination for those wishing
to avoid the snow and cold temperatures in northern portions of America.
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INFRASTRUCTURE AND TRAVEL
The city of Palm Desert is serviced by
the nearby Palm Springs International
Airport, and SunLine Transit Agency
provides bus service. Major highways,
such as Interstate 10 and state high-
ways 74 and 111, also provide access
to the city
GOLF COURSES
The Coachella Valley area is home to
more than 100 golf courses and the
CareerBuilder Challenge, part of the
PGA Tour.
M E T R O H I G H L I G H T S
TOURISM EMPLOYMENT
Hiring in tourism-related industries is
healthy. Hotels, eating establishments,
museums and other entertainment
options hire nearly 5,400 individuals
in the city of Palm Desert
► The main campus of College of the Desert, a local community college, is located in Palm Desert. The city is also home to exten-
sion campuses for California State University, San Bernardino and the University of California, Riverside.
► The Living Desert Zoo and Gardens is located in Palm Desert and is a combination desert botanical garden and zoo. The exhib-
its attract more than 350,000 visitors annually, making it one of the region’s top tourist attractions.
► Major employers in the area include the JW Marriott-Desert Springs Resort and Villas, Universal Protection Services, Securitas
Security Services USA, and Avida Caregivers.
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COLLEGE OF THE DESERT
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STAGECOACH MUSIC FESTIVAL
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MAJOR AREA EMPLOYERS
Eisenhower Medical Center
Desert Regional Medical Center
East Valley Tourist Development
Agua Caliente Casino Resort & Spa
Callaway Golf Company
Spa Resort Casino
Desert Community College District
Follett Higher Education Group Inc.
Esparza Enterprises Inc.
John F. Kennedy Memorial Hospital
UNIT TYPE 1 MILE 3 MILES 5 MILES
2021 PROJECTION TOTAL POPULATION 422 26,166 98,509
2016 ESTIMATE TOTAL POPULATION 322 23,147 88,153
2010 CENSUS TOTAL POPULATION 286 20,885 80,719
2000 CENSUS TOTAL POPULATION 196 15,802 64,928
DAYTIME POPULATIONS TOTAL POPULATION 593 31,845 125,722
HOUSEHOLDS 1 MILE 3 MILES 5 MILES
2021 PROJECTION TOTAL HOUSEHOLDS 352 13,525 47,711
2016 ESTIMATE TOTAL HOUSEHOLDS 263 11,918 42,087
2010 CENSUS TOTAL HOUSEHOLDS 225 10,654 38,176
2000 CENSUS TOTAL HOUSEHOLDS 138 8,042 30,419
2016 AVERAGE HOUSEHOLD SIZE 2.07 1.93 2.09
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES
2016 ESTIMATE
$250,000 + 7.4% 5.7% 5.7%
$200,000 TO $249,999 4.3% 3.5% 3.5%
$150,000 - $199,999 7.0% 6.0% 6.0%
$125,000 - $149,999 5.4% 4.7% 5.2%
$100,000 - $124,999 8.3% 7.9% 9.0%
$ 75,000 - $99,999 11.2% 10.9% 11.2%
$ 50,000 - $74,999 17.1% 15.8% 16.8%
$ 35,000 - $49,999 13.9% 13.6% 12.7%
$ 25,000 - $34,999 7.9% 10.4% 9.6%
$ 15,000 - $24,999 7.5% 10.6% 10.4%
$ 0 - $ 14,999 10.0% 10.9% 10.0%
AVERAGE HOUSEHOLD INCOME $109,782 $95,331 $97,647
MEDIAN HOUSEHOLD INCOME $65,819 $56,924 $60,637
PER CAPITA INCOME $89,811 $49,134 $46,695
D E M O G R A P H I C S
THE LIVING DESERT AND ZOO
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COACHELLA VALLEY MUSIC AND ART FESTIVAL
UNIVERSITY PROFESSIONAL PLAZA75030 GERALD FORD DRIVE | PALM DESERT, CALIFORNIA 92211