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Palm Springs, CA

Garnet Avenue Single-Tenant

Address:
690 West Garnet Avenue, Palm Springs, CA 92262
Property Type:
Vacant
Price:
$2,400,000
Cap Rate:
6.96% Pro-Forma Cap
Square Feet:
13,924 Sqft
Lot Size:
1.81 Acres
Year Built:
1989
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

  • Vacant 13,924-Square-Foot Single-Tenant Industrial Flex Property on 1.81 Acres
  • Featuring Concrete Tilt-Up Construction, 17’ Clear Height, Three 14’ x 14’ Grade-Level Doors, and Fire Sprinkler System
  • Flexible Layout Suitable for Industrial, Logistics, or Office-Intensive Users
  • Available for Immediate Owner Use or Lease-up Opportunity
  • Prominent Visibility Along I-10 with Exposure to ±89,000 Vehicles Per Day | Proximity to Large-Scale Industrial Developments
  • Located in Outperforming Coachella Valley Submarket with 5.8% Industrial Vacancy Rate vs. Overall Inland Empire Market Average of 8.8%

Investment Overview

The property is a vacant 13,924-square-foot single-tenant industrial flex building situated on 1.81 acres of land. It features concrete tilt-up construction, which provides a durable and low-maintenance exterior. The building has a clear height of 17 feet, allowing for efficient use of space and accommodating a variety of industrial and logistics operations. Three 14’ x 14’ grade-level doors provide easy access for loading and unloading goods. A fire sprinkler system is also installed, ensuring a safe working environment. The property’s layout is flexible and can be adapted to suit different users, including industrial, logistics, or office-intensive operations. This flexibility makes it an attractive option for a range of potential tenants or owner-users. The property is available for immediate owner use or a lease-up opportunity, providing a chance for investors to capitalize on the demand for industrial space.

The property’s location offers excellent visibility along Interstate 10, with exposure to approximately 89,000 vehicles per day, making it an ideal spot for businesses that require high visibility and accessibility (California Department of Transportation). Its proximity to large-scale industrial developments also enhances its appeal, providing opportunities for collaboration and networking with neighboring businesses. The Coachella Valley submarket, where the property is located, had an industrial vacancy rate of 5.8 percent in Q1 2026, which was significantly lower than the overall Inland Empire market average of 8.8 percent. This indicates a strong demand for industrial space in the area and a competitive market for landlords. The area’s strong economic growth and limited supply of available industrial properties make it an attractive location for businesses and investors alike.

BROKER OF RECORD
TONY SOLOMON
California Broker of Record
23975 Park Sorrento, Suite 400
Calabasas, CA 91302
Tel: (310) 909-5450
Tony.Solomon@MarcusMillichap.com
License: 01238010
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0120316)
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