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19th Avenue - 19th Ave & Calle de los Ramos 12.76 Acres of Industrial Land Offered at $8,337,375 in Desert Hot Springs, CA 92258
Investment Highlights
- Desirable location that is actively being developed by large corporations
- Newly paved street with curbs and gutters along 19th Ave.
- Located approximately 1 mile from the I-10 entrance/exit Indian Canyon Drive (exit 120).
- The City of Desert Hot Springs is developer friendly.
- A new 105 hotel has been approved about one-half mile from the Subject.
Executive Summary
Key features include:
Approximately 555,825 sq ft of undeveloped land that is zoned for light industrial usage.
The Palm Springs Airport is about 10 miles away, or an approximate 20 minute drive.
Seller financing may be made available for a qualified buyer. Terms include a fixed rate loan amount of up to 65% of the sale price. The contemplated loan term is 15 years fully amortizing with a start rate of 6.75% (today’s prime rate) without pre-payment penalty. The interest rate will reset at the end of month 60 and month 120. The new rate will be one hundred basis points (1.0%) higher than the Prime Rate as published in the Wall Street Journal effective on the anniversary date. Other terms and conditions are subject to negotiation.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
1 Lot Available
Lot
| Price | $8,337,375 | Lot Size | 12.76 AC |
| Price Per AC | $653,399.29 |
| Price | $8,337,375 |
| Price Per AC | $653,399.29 |
| Lot Size | 12.76 AC |
There are 2 adjacent lots offered for sale, APN 666-360-018 which is 9.76 acres, and 666-360-019. which is 3.00 acres. The lots are mostly flat, comprised of loose sand. 19thAve was recently paved with cub and gutter to the east end of the Subject.
Description
Two adjacent lots are offered for sale as a package. The lots are located in Desert Hot Springs in an active development area. Recently completed projects on 19th Ave include a new Amazon building on the opposite side of the street from Subject, plus there is a new PODs building adjacent to the Subject along its western boundary.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,018,297 | Total Assessment | $1,018,297 |
Property Taxes
Presented by
La Quinta Capital
19th Avenue - 19th Ave & Calle de los Ramos
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