This property is located within the city of Indio, which is approximately 120 miles east of downtown Los Angeles. Known and promoted as "The City of Festivals," over 1.4 million people attend various events, festivals and the county fair in Indio every year. The city of Indio is the fastest growing city in east Riverside County, with 3,000 new homes in the development/construction process which is more than the rest of the valley combined. There is new development neighboring the property which includes the 2nd phase of the Walmart Center under construction which includes movie theaters, a hotel and numerous new retail and fast food outlets.
In cooperation with Joel Wynton, Licensed California Broker# 01756158.
SEALED BID DEADLINE: May 16, 2019
This property is a 13.52-acre site right at the exit and intersection of I-10 and Monroe Street. This exit/intersection is at the heart of the next wave of commercial development, some of which has already started. The Del Webb development of 3,000 homes sold out in 2016 and sits just to the north of the Subject. The property is adjacent to a Walmart Super Center. Other major retail is one exit up at Jackson St. The Monroe Street I-10 off-ramp is at the center of the Indio population growth.