Desert Hot Springs Shopping Center Appraisal

We recently just appraised a portion of a neighborhood shopping center anchored by Von’s located in Desert Hot Spring of the Coachella Valley.The anchor building (Von’s) was not part of the appraisal. The subject property totals 40,540 square feet and was built in the 1980’s. The property has a parking ratio of 5.6 spaces per 1,000 rentable square feet. Tenants at this center include Von’s, McDonald’s, Big O Tire, Subway and other local buininesses. The subject property included in-line shop space and pad buildings. This commercial real estate appraisal was conducted for a national insurance institution.