CSRA Komar Desert Center, DST

Institutional Quality Asset built in 2008 using the highest quality construction, Komar Desert Center is one of the newest developments along the popular Highway 111 retail corridor. Stable Cash Flow with Substantial Upside – Currently 94.7 percent leased through the end of 2017, the property provides steady cash flow while offering significant future upside through additional leasing. The property is shadow anchored by Costco (not a part of the offering), an investment-grade credit daily needs tenant. The 139,000-square-foot Costco store brings visitors from as far as 15 miles away, providing other tenants at Komar Desert Center a tremendous amount of traffic.

High-Identity Location with Excellent Regional Access -The property benefits from exceptional exposure with 900 feet of lineal frontage and a signalized intersection along Highway 111 that averages nearly 60,000 motorists daily. The location is approximately three miles south of Interstate 10, one of California’s most important thoroughfares connecting the Coachella Valley to Los Angeles to the west and Phoenix to the east. The property is near the Rancho La Quinta Country Club Homes, the newly constructed and fully occupied Coral Mountain Apartments, and the Desert Sands Unified School District.

Strong & Improving Local Retail Market – The Coachella Valley retail market has made significant strides in recovery since the start of 2013, achieving positive net absorption for five of the previous six quarters. Vacancy continues to decline as retailers compete for limited space amid little new construction. Separately Parceled Providing Multiple Exit Strategies. All seven standalone buildings are separately parceled providing the future opportunity to sell individual pad buildings to net lease investors at a premium.