County of Riverside
Coachella, CA
Unstated
Unstated
11 Years
100%
30,000 SQ FT
Office
2019
Unstated
Sold
INVESTMENT GRADE CREDIT – COUNTY OF RIVERSIDE
100% leased to County of Riverside, featuring an investment grade credit rating of A1 from Moody’s
NEW 12-YEAR FIRM LEASE TERM
Firm, non-cancellable lease with County of Riverside for new 12-year term
18% RENT INCREASES IN LEASE YEAR 7 and OPTION PERIODS
Significant rent growth during lease term and option periods with 18% increase in Lease Year 7 and each of two 5-year renewal options
2019 BUILD-TO-SUIT CONSTRUCTION
New build-to-suit of fice for County of Riverside with completion in 2019, designed and constructed to meet tenant-specific requirements
ESSENTIAL PUBLIC SERVICES FACILITY
Depar tment of Public Social Services of fice housing approximately 200 employees and serving over 50,000 individuals annually in the Coachella Valley, delivering crucial programs including Medi-Cal, CalFresh, General Assistance, CalWORKs, Child Care, and Welfare to Work
The County of Riverside Department of Public Social Services (DPSS) office is a newly constructed, single-tenant facility comprised of 30,000 rentable square feet, located in downtown Coachella, California. 100% leased to the County of Riverside on a new 12-year firm lease term, this building was built-to-suit for the County with completion in 2019.
The Coachella DPSS office houses approximately 200 County employees and serves over 50,000 individuals annually in the Coachella Valley, delivering crucial programs including Medi-Cal, CalFresh, General Assistance, CalWORKs, Child Care, and Welfare to Work.
