County of Riverside

Tenant

County of Riverside

Location

Coachella, California

Price

Unstated

CAP Rate

Unstated

Lease Term

11 Years

Occupancy

100%

Building Size

30,000 SQ FT

Property Type

Office

Year Built

2019

Lot Size

Unstated

Status

Under Contract

Property Contacts:

Travis Trautvetter

Vice Chairman

858 367 5105 | Email

Jake Trautvetter

Capital Markets

858 558 5624 | Email

Kari Fiske

Brokerage Coordinator

858 334 4032 | Email

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.