LA QUINTA, CA—Capital Square Realty Advisors has acquired Komar Desert Center, a seven-building neighborhood retail center in La Quinta.
“Komar Desert Center is one of the newest developments along the Highway 111 corridor, located in the midst of Southern California's affluent Coachella Valley area,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors. “This enviable location affords Komar Desert Center daily frontage traffic of nearly 60,000 motorists and easy access for the entirety of the regional populace.”
The approximately 77,000-square foot retail center is 95% leased to major tenants, including: Starbucks, BevMo!, Burgers and Beer, Toda Moda, Souplantation and Mimi's Café. Located at 79705 – 79845 Highway 111, Komar Desert Center was constructed in 2008 on 9.3 acres of land. The property has 429 parking spaces, or a ratio of 5.5 spaces per 1,000 square feet. The property is shadow-anchored by a 139,000-square-foot Costco and is across Highway 111 from The Home Depot.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
