11.44 ACRES FARMGROUND FOR LEASE
THERMAL, CA
FEATURES
- Prime warm farmground
- Low cost Coachella Valley Water District (CVWD) canal water
- Key location at immediate offramp of Expressway 86 & Airport Blvd
- Just east of Jacqueline Cochran International Airport
Lease Rate: $400/AC/Yr
VICINITY MAP
Amenities
- Location: The property is located at the southeast corner of Expressway 86 and Airport Boulevard (Avenue 56) in Thermal, CA
- APN: 757-070-052
- Parcel Size (According to County
Assessor’s Information): 11.44 acres - Zoning: R-A-20 (Residential Agricultural)
- General Plan: CR – Commercial Retail
- Utilities:
Irrigation: Meter #001405
Electricity: To Site
Sewer: 18” force line in Airport Blvd.
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: 06/05/24
Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Paula Turner, Broker
[email protected]
Direct: 760.766.0511
Cell: 760.578.6564
DRE License #00702492