Description

Industrial unit currently owner occupied. Property is currently used as a date sorting and packing facility. Property has walk is refrigerator / Cooler size 29 X 29 Coachella Valley Submarket Location: Straddles I-10, east of the most populated parts of the Inland Empire, with industrial buildings concentrated around Palm Springs and Palm Desert. Inland Empire Market Retail & Imports: U.S. retail sales grew 3.8% in 2024, and imports to nearby ports of Long Beach and Los Angeles recovered to peak 2021-2022 levels in H2 2024. Economic Outlook: Oxford Economics projects U.S. retail sales growth to slow to 1.3% in 2025. New tariffs present a risk to demand for logistics space, particularly for West Coast ports heavily reliant on Chinese goods. Economic Summary (Inland Empire) Job Growth: The Inland Empire leads Southern California in post-pandemic job growth, with an aggregate gain of over 7% (114,000 workers). Key Industries: Transportation and warehousing account for most post-pandemic job growth, with employment expanding nearly 30% from pre-pandemic levels to over 200,000 workers. Tourism: Tourism is vibrant in Palm Springs, Big Bear, and Temecula, primarily attracting in-state travelers.