79.82 ACRES ORGANIC DATE RANCH
THERMAL 80 RANCH, COACHELLA VALLEY

79.82 AC E Polk & Ave 58 TH Main Photo
E OF POLK ST & N AVENUE 58, THERMAL, CA

FEATURES

  • All or Part
  • 20.5 AC – 1,007 AC Portfolio of 11 Ranches, (See Offering Memorandum)
  • Approx. 2,402 organic date trees located on the property
  • 1/4 mile from Jacqueline Cochran Regional Airport
  • Just off Expressway 86 and Highway 111 (Grapefruit Blvd)
  • Close proximity to Desert International Horse Park and The Thermal Club, a premier private motorsports facility
  • 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: $1,995,500 ($25,000/AC)​

VICINITY MAP

AERIAL & SITE AMENITIES
79.82 AC E Polk & Ave 58 TH Flat Aerial

Amenities

  • Location: The property is located east of Polk Street on the north side of Avenue 58 in Thermal, CA
  • APN: 757-090-004 (77.4 AC); 011 (2.42 AC)
  • Parcel Size (According to County Assessor’s Information): 79.82 acres
  • Zoning: MU (Mixed Use)
  • General Plan: Mixed Use Area
  • Utilities:
    Water: 24” line in Polk St
    Sewer: 15” line in Avenue 57
    Irrigation Water: Yes, Meter #4693, 4694
  • Tile Drain Lines: Yes, TD-117
  • Current Use: Date Ranch
  • Soils: GcA (Gilman fine sandy loam, wet, 0-2% slopes), It (Indio very fine sandy loam, wet), GfA (Gilman silt loam, wet, 0-2% slopes), CrA (Coachella fine sand, wet, 0-2% slopes), Ir (Indio fine sandy loam, wet)

Tree Counts/Age

TypeMedjoolDegletZahidi
Count71,726669
Age213022

PRODUCTION​

 Average Yield
2021370,366
2022294,919
2023310,026

 

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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PROPERTY PHOTO
79.82 AC E Polk & Ave 58 TH Property Photo
GALLERY
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Disclaimer

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: 03/13/24 JC

Contact

Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590

Ranked #1 in the Coachella Valley for Commercial Real Estate

DPP-headshots-Emily

Emily Harvey, Broker
[email protected]
Mobile: 760.636.3500
DRE License #02229612