For Sale

Rancho Mirage Single-Tenant Retail Education Center

34275 Monterey Ave | Rancho Mirage, CA 92270-2701, US

price$9,499,000
property typeCommercial Sale
year built2003

highlights

Large-formal retail space in a power center - “Monterey Marketplace”
Traffic exposure: 66,000+ VPD
Approved for education-use
$711,000 in Recent Capital Improvements (Roof & HVAC)

property
details

STATUSActive
SALE PRICE PER UNIT$9,499,000
YEAR BUILT2003
PROPERTY TYPECommercial Sale
BUILDING SIZE45,586 SF
LOT SIZE3.5 acres
CAP RATE6.24%
SALE PRICE$9,499,000
STORIES2
OCCUPANCY %100%
ZONINGC-C
DAYS ON MARKET1

property
description

Outstanding retail/education investment in one of the most affluent cities in the Coachella Valley. This single-tenant building is zoned C-C, uniquely approved for education use and is currently occupied by San Joaquin Valley College, an accredited trade school. SJVC is a strong regional tenant with 15 campuses in California. The lease structure is NNN+CAM, with roof and structure as landlord responsibilities. The recent upgrades, including a new HVAC system valued at $595, 000 installed in 2022, and roof reconditioning completed in December 2025 with a 10-year warranty, further enhance the property's allure. Don't miss out on this turnkey retail gem.

location
description

34275 Monterey Ave | Rancho Mirage, CA 92270-2701, US

Located in the Monterey Marketplace power center next to Home Depot, across from Costco and Walmart with proximity to Disney Cotino and surrounded by high-traffic retail anchors.

Sam Griffin, CCIM, CBI, NACREP

Sam Griffin, CCIM, CBI, NACREP

KY #207824
(502) 640-3622

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