Palm Canyon Shops

Palm Springs, CA
This listing is no longer available.
This listing is currently in escrow.


Sold October 2022

Sale Price: $4,200,000

Cap Rate: 5.8% Cap Rate

Represented: Seller

Location: Downtown Palm Springs, CA

Please reach out for more information:

Tom Chichester / / 714-318-3955

Nick D'Argenzio / / 818-281-7893



100% leased shopping center ideally located in downtown Palm Springs

Excellent street frontage and visibility, along the main thoroughfare (Highway 111 / S Palm Canyon Drive) in downtown Palm Springs

Strong scheduled rental increases - All of the tenants feature scheduled annual rental increases of 3%, allowing for continued growth in cash flow and helping to hedge against inflation. Additionally all tenants have options to extend. 

High traffic location - This downtown area of Palm Springs draws in millions of visitors and tourists annually, creating strong cross over shopping and tenant synergy between all retailers and tenants. 

Affluent Area / Strong Growth - The Palm Springs market has experienced exceptional growth over the past few years. The property is located just outside of the Historic Tennis Club, with home values from $1.5M - $3.5M+ and also very close to Old Las Palmas, with home values from $2M - $12M+

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