Wilson Meade Commercial Real Estate is brokering a medical and professional office building in La Quinta, which once sold, will benefit Eisenhower Medical Center.
The owners of the building, J. and Shari Paul, are real estate professionals who recently assessed their options for retiring after J. encountered a health scare. Through a Charitable Remainder Trust, the Pauls are transferring appreciated assets, including the J. Paul Building in La Quinta, into a trust and they’ve selected Eisenhower Medical Center as their beneficiary.
The J. Paul Building is located at 79440 Corporate Center Drive in La Quinta, offering 42,542 square feet in a multi-tenant building at the center of La Quinta’s business district. The property features concrete driveways, ample parking and flex space with roll-up doors.
Being offered the first time since construction, the J. Paul Building provides a one-year income guarantee as well as seller financing that provides the buyer with a cash pre-tax return of 10.41%. The J. Paul Building listed at $9,500,000.
“The sale of this property will be a real win-win for everyone involved – the buyer, the Pauls, and Eisenhower Medical Center,” said Scott Wilson, listing agent as well as partner and co-founder of Wilson Meade Commercial Real Estate. “It’s a prime location with pride-of-ownership construction and high-end tenant improvements.”
Ultimately, those in the community will benefit from the contribution that will be made to Eisenhower Medical Center – which is a rare circumstance in the closing of typical commercial real estate transactions.