20.5 ACRES ORGANIC DATE RANCH
PIEDMONT RANCH, COACHELLA VALLEY
FEATURES
- All or Part
- 20.5 AC – 856.47 AC Portfolio of 8 Ranches, (See Offering Memorandum)
- Approx. 1,095 organic deglet noor date trees located on the property
- Easy access to Expressway 86 and Highway 111
- Just 2 miles from Jacqueline Cochran Regional Airport and 2.5 miles from The Thermal Club, a luxury, private motorsports club
- In Opportunity Zone, providing potential tax incentives
- Abundant and affordable Coachella Valley Water District (CVWD) irrigation water, one of the lowest water rates in California
ASKING PRICE: $820,000 ($40,000/AC)
VICINITY MAP
Amenities
- Location: Property is located on SWC Pierce St & Avenue 58, Thermal, CA
- APN: 757-220-006
- Parcel Size (According to County Assessor’s Information): 20.5 acres
- Zoning: A-2-20 (Heavy Ag, 20-acre min. lot size)
- General Plan: Agriculture
- Utilities:
Water: 18” main line on Pierce St
Sewer: No sewer in the area
Irrigation Water: Yes, Meter #2813 - Tile Drain Lines: Yes, TD-49-A
- Current Use: Date Ranch
- Soils: GcA (Gilman fine sandy loam, wet, 0-2% slopes), Ir (Indio fine sandy loam, wet)
Tree Counts/Age
| Type | Deglets |
| Count | 1,095 |
| Age | 34 |
PRODUCTION
| Average Yield | |
| 2021 | 278,381 |
| 2022 | 251,841 |
| 2023 | 150,849 |
WHAT IS AN OPPORTUNITY ZONE?
Why is investing in an Opportunity Zone better than a 1031 Exchange?
Temporary Deferral: Similar to a 1031 Exchange.
Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation.
Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income.
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 10/21/24 JC
Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Emily Harvey, Broker
[email protected]
Mobile: 760.636.3500
DRE License #02229612