74 ACRE ORGANIC DATEs
Kelsey Ranch, oasis
COACHELLA VALLEY
FEATURES
- All or Part
- 20.5 AC – 856.47 AC Portfolio of 8 Ranches, (See Offering Memorandum)
- 74.67 acre organic date ranch
- Approx. 3,927 medjool, deglet, zahidi, and exotic date trees located on the property
- Easy access via Expressway 86
- Less than 10 miles from Jacqueline Cochran Regional Airport
- Close proximity to Kohl Ranch, a 2,000 acre, 7,124 unit Master Planned Community
- In Coachella Valley Water District (CVWD) with one of the least expensive water rates in the state
- 15 miles from Coachella Valley & Stagecoach Music Festivals
ASKING PRICE: $1,866,750 ($25,000/AC)
VICINITY MAP
AERIAL & SITE AMENITIES
Amenities
- Location: The property is located north and south of Expressway 86, just north of Avenue 76 in Oasis
- APNs: 737-020-025 (28.05 AC), 026 (4.69 AC), 027 (1.56 AC), 028 (15.18 AC), 029 (0.32 AC), 030 (3.81 AC), 031 (21.06 AC)
- Parcel Size (According to County Assessor’s Information): 74.67 AC
- Zoning: W-2 (Controlled Development)
- General Plan: Indian
- Utilities:
Irrigation Water: CVWD Meter 50917; Reservoir
Water: 12” line in 76th Ave & Pierce St 18” line in Harrison St & Avenue 74 (3 miles from Property)
Electricity: In street
Sewer: No sewer in the area
Tile Drain Lines: No - Soils: GcA (Gilman fine sandy loam, wet, 0-2% slopes), GdA (Gilman fine sandy loam, moderately fine substratum), GfA (Gilman silt loam wet, 0-2% slopes), Ir (Indio fine sandy loam, wet), It (Indio very fine sandy loam, wet), Sb (Salton silty clay loam)
- Tree Count: 3,927
TREE COUNTS
| PRODUCING | |
| MEDJOOLS | 421 |
| DEGLETS | 1,179 |
| ZAHIDI | 2,137 |
| EXOTIC | 190 |
PRODUCTION
| MEDJOOLS | DEGLETS | EXOTIC | TOTAL | |
| 2021 | 54,406 | – | 4,648 | 59,054 |
| 2022 | 65,982 | 187,913 | 6,860 | 260,755 |
| 2023 | 67,360 | 147,375 | 19,000 | 233,735 |
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
PARCEL MAP
PROPERTY PHOTOS
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]
Mobile: 760.250.8992
Office: 760.360.8200
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Emily Harvey, Broker
[email protected]
Mobile: 760.636.3500
Office: 760.360.8200
DRE License #02229612