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42.94 ACRES ORGANIC DATE RANCH
CHUCHIAN RANCH, COACHELLA VALLEY

42.94 AC Ave 63 & Pierce TH Main Photo
AVENUE 63 & W OF PIERCE ST, THERMAL, CA

FEATURES

  • All or Part
  • 20.5 AC – 1,007 AC Portfolio of 11 Ranches, (See Offering Memorandum)
  • Approx. 2,256 organic date trees located on the property
  • Just 1.5 miles to The Thermal Club, an exclusive luxury motorsports track
  • Two miles to Jacqueline Cochran Regional Airport
  • Easy access to Expressway 86
  • 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: $1,502,900 ($35,000/AC)

VICINITY MAP

AERIAL & SITE AMENITIES

42.94 AC Ave 63 & Pierce TH Flat Aerial

Amenities

  • Location: The property is located on Avenue 63 west of Pierce Street in Thermal, CA
  •  APN: 749-030-041 (22.04 AC); 749-040-017 (20.9 AC)
  • Parcel Size (According to County Assessor’s Information): 42.94 acres
  • Zoning: A-1-10 (Light Ag, 10-acre min. lot size)
  • General Plan: Agriculture
  • Utilities:
    Domestic Water: 24” Main Line on Ave 60 & Fillmore St-Pierce St
    Sewer: 18” force main line on Avenue 63
    Irrigation Water: Yes, Meter #4960
  • Tile Drain Lines: Yes, TD-184
  • Current Use: Date Ranch
  • Soils: GcA (Gilman fine sandy loam, wet, 0-2% slopes), It (Indio very fine sandy loam), GfA (Gilman silt loam ,wet, 0-2% slopes)

Tree Counts/AGE

Type Deglets Medjool
Count 2,160 96
Age 38 59

PRODUCTION

Average Yield
2021 18,687
2022 353,049
2023 7,256

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

PROPERTY Aerial

42.94 AC Ave 63 & Pierce TH Property Aerial

GALLERY

Attachments
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
DPP Susan Circle Headshot

Susan Harvey, Broker
[email protected]
Mobile: 760.250.8992
Office: 760.360.8200
DRE License #00957590

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Ranked #1 in the Coachella Valley for Commercial Real Estate

DPP-headshots-Emily

Emily Harvey, Broker
[email protected]
Mobile: 760.636.3500
Office: 760.360.8200
DRE License #02229612