CBRE successfully facilitated the sale of a mixed-use property in Palm Springs for $7.3 million. The 20,933-square-foot property, located at 803 N. Palm Canyon Dr., was purchased by New Dawn Enterprises LLC through a 1031 exchange transaction.
The CBRE team of Eric Chen, Blake Torgerson, and Marco Rossetti represented the seller, 803 N Palm Canyon Holdings. According to Chen, the buyer recognized the value and prime location of this downtown property in Palm Springs.
Situated in Coachella Valley’s central area, this mixed-use property features twelve spacious two-bedroom townhouse-style units with an average size of 1,456 square feet each. Most units also include lofts for added space and versatility.
Conveniently situated at North Palm Canyon Drive and Tamarisk Road within the North Palm Canyon Uptown District , this property is surrounded by various shopping venues and restaurants for residents’ convenience.
