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Palm Springs Restaurant Building Sells for $5 Million

Trust Trades 12,000-Square-Foot Retail Property on South Palm Canyon Drive
The restaurant was built in 1999 on one-third of an acre in the Coachella Valley retail market of the Inland Empire's Riverside County. (CoStar)
The restaurant was built in 1999 on one-third of an acre in the Coachella Valley retail market of the Inland Empire's Riverside County. (CoStar)
By Joe Scheitlin
April 1, 2022 | 9:32 P.M.

Jump Management Co. acquired the restaurant building at 262 S. Palm Canyon Drive in Palm Springs, California, for $5 million, or about $421 per square foot, from a living trust.

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