Palm Springs commercial real estate sells for $24 million

Published Jul 3, 2025

The commercial facility at 1200 S. Congress Ave. was built in 2016 and includes a 14.7-acre lot size. The two-story building is equipped with central cooling. The new owner, Mgx I LLC, purchased the 42,792-square-foot site, assigned for commercial use, from Realty Spirit on June 12, 2025 for $24,000,000.