LA QUINTA, CA – January 30, 2013 – (RealEstateRama) — Lynn Coker, Dwight Capitani, and Michael Meade with NAI Capital’s Palm Desert office represented the Seller, Calle Estado LLC, and the Buyer, Miller Family Holdings, LLC, in the sale and purchase of an 10,726 sq. ft. mixed-use property located at Plaza Estado at 78115 Calle Estado in La Quinta. The value of the sales transaction was $1.4 Mil.
“Both the Buyer and Seller made the success of this sale contingent upon closing in calendar year 2012 so as to minimize exposure to changes in tax laws brought on by the fiscal cliff. NAI Capital worked diligently with the Buyer/Seller’s legal, Title and Escrow teams to meet the year-end deadline. The Buyer and Seller were very pleased with our skill and expertise in accomplishing this notable year‑end closing and they look forward to working with NAI Capital – Palm Desert in the future,” noted Lynn Coker.
This highly desirable two-story, multi-tenant office / retail building has many special features including Santa Barbara Spanish architecture with courtyards, water features, private balconies and beautiful mountain views. The elevator served property also has a private parking lot with reserved covered parking.
La Quinta is a resort city in the Coachella Valley area of Riverside County and is between Indian Wells and Indio. The property is surrounded by the La Quinta Resort and Club, which dates back to 1926 and hosts the Bob Hope Chrysler Classic Charity golf tournament.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840
Contact: Sharon Fitzgerald, Public Relations, 818.742.1655
sfitzgerald (at) naicapital (dot) com