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75 ACRES ORGANIC DATE RANCH
TRIPLE E RANCH, COACHELLA VALLEY

75 AC Pierce & Ave 62 TH Main Photo
AVENUE 62 & WEST OF PIERCE ST, THERMAL, CA

FEATURES

  • All or Part
  • 20.5 AC – 1,007 AC Portfolio of 11 Ranches, (See Offering Memorandum)
  • Approx. 5,942 organic date trees located on the property
  • Easy access to Expressway 86
  • 1.5 miles from The Thermal Club, a premier, private luxury motorsports track
  • 2 miles to Jacqueline Cochran Regional Airport
  • 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: $3,375,000 ($45,000/AC)

VICINITY MAP

AERIAL & SITE AMENITIES

75 AC Pierce & Ave 62 TH Flat Aerial

Amenities

  • Location: The property is located on the north side of Avenue 62 west of Pierce Street in Thermal, CA
  • APN: 757-310-018
  • Parcel Size (According to County Assessor’s Information): 75 acres
  • Zoning: A-2-10 (Heavy Ag, 10-acre min. lot size)
  • General Plan: Agriculture
  • Utilities:
    Water: 24” line on Avenue 60
    Sewer: 8” line on Avenue 62
    Irrigation Water: Yes, Meter #6651, 6664
  • Tile Drain Lines: Yes, TD-380
  • 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), Ir (Indio fine sandy loam, wet), W (Water)

Tree Counts/AGE

Type Medjool Deglet Zahidi Exotic
Count 407 5,319 206 10
Age 30 29 27 21

PRODUCTION

Average Yield
2021 694,703
2022 637,367
2023 535,597

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

75 AC Pierce & Ave 62 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