30-877 Date Palm Drive, Cathedral City, CA 92234

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Building Details:

• Year Built: 2001

30-877 Date Palm Drive is located in Cathedral City, CA.

This building is being offered for sale by the owners, who welcome all offers from Brokers and will pay a sales commission to the selling broker.

The building was purchased new from Orr Development located in Palm Desert, CA in 2003. This building was well built, and no building defects have been detected during the past 7 years.

The property is in an area known as the “Golden Mile of Cathedral City” at 30-877 Date Palm Drive. This building is more desirable than other buildings of similar size in the area, which are listed at higher square footage price. Our building is newer than the comparables and is 100% occupied.

There is an excellent opportunity to increase the lease rates when the short term leases expire.

The average lease rates, including CAM have been: 2006 - $2.00/SF; 2007 - $2.05/SF; 2008 - $1.05/SF and 2009 - $1.04/SF. The projected rental rate for 2010 is $1.33/SF which includes unit B2 being vacant in December 2010.

Higher rents which became due in 2010 per leases were not charged by owner.

Building is 100% occupied.

Pages 5 – 8 of this document were scanned from the Cathedral City web site and the cities demographics report. You may download the complete report at: http://www.cathedralcity.gov/index.aspx?page=229

Pages 9 – 14 were scanned from the appraisal when the property was originally purchased in 2003.

The information included herein has been prepared with as much accuracy as possible.

If you have any questions, or would like additional information, please do not hesitate to contact me.