California Centers

MAY 2017

California Centers Magazine serves retailers, developers, shopping center owners, investment sales brokers and tenant representation firms throughout the state of California.

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Page 17 of 56

LYLE & ASSOCIATES Steve Lyle, CEO (760) 578-9927 CalBRE: 00762911 • $15,300,000 • Occupancy: 93.95% • NOI (Year 1): $879,097 • Five single story buildings • All Leases have strong annual increases • 36,016 sq. ft. net rentable area • 18 tenants PRICE JUST REDUCED $550,000 FOR RECON The Vineyard Shopping Center is perfectly situated in the heaviest foot traffic block of So. Palm Canyon Drive in the most popular Downtown eating, drinking, shopping, bar hopping District of Palm Springs, surrounded by the region's most popular restaurants, nightclubs, boutiques, museums and tourist venues. Numerous upside opportunities including below market rents, possible acquisition/assemblage of adjacent city owned parking lot, redevelopment of one or more of the existing 5 buildings to add 2nd story office or residential. Dan O'Donnell, SVP (760) 576-5694 CalBRE: 00558058 Meet us at Recon Booth 265 Q St. THE VINEYARD SHOPPING CENTER Prime Downtown Palm Springs, CA

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