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Listed by Aleem Bilwani • Realty Plus
$1,500,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-25126639
Year Built 1991
Property Sub-Type Industrial
Property Description
Industrial unit currently owner occupied. Property is currently used as a date sorting and packing facility. Property has walk is refrigerator / Cooler size 29 X 29 Coachella Valley Submarket Location: Straddles I-10, east of the most populated parts of the Inland Empire, with industrial buildings concentrated around Palm Springs and Palm Desert. Inland Empire Market Retail & Imports: U.S. retail sales grew 3.8% in 2024, and imports to nearby ports of Long Beach and Los Angeles recovered to peak 2021-2022 levels in H2 2024. Economic Outlook: Oxford Economics projects U.S. retail sales growth to slow to 1.3% in 2025. New tariffs present a risk to demand for logistics space, particularly for West Coast ports heavily reliant on Chinese goods. Economic Summary (Inland Empire) Job Growth: The Inland Empire leads Southern California in post-pandemic job growth, with an aggregate gain of over 7% (114,000 workers). Key Industries: Transportation and warehousing account for most post-pandemic job growth, with employment expanding nearly 30% from pre-pandemic levels to over 200,000 workers. Tourism: Tourism is vibrant in Palm Springs, Big Bear, and Temecula, primarily attracting in-state travelers.
Location
State CA
County Riverside
Area 315 - Coachella
Interior
Heating None
Laundry None
Building
Lot Description Yard, Irregular Lot, Lot 20000-39999 Sqft, Corner Lot
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823