F R E E W A Y V I S I B I L I T Y A T J E F F E R S O N I N T E R C H A N G E 1 - 2 0 V A R N E R R O A D & J E F F E R S O N S T R E E T

INDIOLANDC OAC H E L L A VA L L E Y | R I V E R S I D E C O U N T Y

JOE BRADYjoe@upgsocal.com

UPGSOCAL.COM | 858 874 1989

Colliers International is pleased to present a rare opportunity to acquire 41 acres of commercial land in Indio, Coachella Valley’s most populated and fastest growing city. The Indio land is situated north of the 1-10 freeway, with excellent freeway visibility.

The daytime and tourist population of Indio has grown exponentially over the last fifteen years and is ranked one of the top emerging travel destinations in the country. This can be largely attributed to the nearly 1.4 million visitors attending events such as Coachella Valley Music & Arts Festival and Stagecoach Music Festival.

Continued growth of the city has stemmed from the ever-growing music and art festivals, the Desert Resorts multi-million dollar expansion & improvement program and the roughly dozen commercial and residential projects in various stages. Local residents anxiously await these projects to end their long shopping commutes and with the increasing residential expansion, this is now a time for retail development.

This is a prime opportunity for an investor or developer to acquire 41 acres of commercial land in the heart of Indio. Adjacent to I-10, the very visible location has the ability to benefit from the exposure of Indio’s continued commitment to the redevelopment and revitalization of its city. With the proximity to the airport and the many residential projects in the area, this land opportunity is ideally positioned for income.

I N D I O L A N D O P P O R T U N I T Y 3

Freeway Exposure & VisibilityPrime subject consisting of 12 vacant, freeway visible commercial land parcels situated north of Varner Road and west of Jefferson Street. Varner is a frontage road along Interstate 10, providing good freeway exposure and visibility from I-10, ideal for retail development.

Strong Market in Development CycleOpportunity for an investor or developer to enter into the Indio commercial market. Local residents await the future of retail growth in the area.

In the Path of Future DevelopmentLocated in one of Indio’s fastest growing residential areas, Shadow Hills. The Shadow Hills area offers over 2,000 acres of land located north of the freeway and consists of new residential tracts, planned schools and recreational facilities.

Development Potential & EntitlementPreliminary design work completed for a 30 lot business park (see page 8). Site work completed includes: topo, air quality assessment, greehouse gas assessments, phase I culutral resource survey and noise evaluation.

Adjacent to New Jefferson InterchangeThe improvement allows increased and better flow of traffic adjacent to and connecting to the subject property via Varner Road.

Diversified International Draw/TourismWarm weather aside, Indio is recognized for its electic and vibrant events supported by the 1.4 million annual visitors. Coachella Valley has become the preferred entertainment venue for residents throughout the Nation in search of fun and exciting events.

I N V E S T M E N T H I G H L I G H T S

T H E I N V E S T M E N T

I N D I O L A N D O P P O R T U N I T Y 5

LOT SIZE 41.18 acres

LAND DESCRIPTION 12 vacant parcels

LOCATION Situated on the north side of Varner Road, west of Jefferson Street in Indio, CA, 92201

ENTITLEMENT STATUS Preliminary design work completed for a 30 lot business park

SITE WORK COMPLETED Topo, air quality assessment, greenhouse gas assessments, phase I cultural resource survey and noise evaluation

FINANCING Seller Financing Available

PURCHASE PRICE $5,950,000

YearsServing California

30The

Hoffman

Company

18881 Von Karman Ave., Ste 150, Irvine, CA 92612 | Tel (949) 553-2020 | Fax (949) 553-8449 |www.hoffmanland.com

Tax Map

D E S I G N P L A N

TA X M A P

I N V E S T M E N T D E TA I L S

I N D I O L A N D O P P O R T U N I T Y 7

127,746 SF development

Anchored by Walmart

Under Construction, delivers Oct. 2018

50,000 SF development

Anchored by Walgreens

Washington Ave & 48th Ave | Built 2017

Sales opened in 2012

137 units

Madison St. & Ave 49

34,119 SF development

Anchored by Walmart

Jefferson & Waring | Built 2017

41,815 SF development

Office Development with coffee shop

Oasis St. & Requa Ave. | Built 2014

Sales opened in 2018

61 units

Jackson St. & Ave 48

590, 857 SF development

Anchored by State Bros. & Hobby Lobby

Hwy 111 & Washington | Built 2014

40,000 SF development

Office & Medical

Wildcat Drive & Washington St.

Sales opened in 2016

55 units

Jackson St. & Ave 43

The Palms

Caleo Bay Park

Hacienda Pointe

Heritage Court

45524 Oasis Street

Whittier Ranch

One Eleven La Quinta Center

Sun Medical & Professional Plaza

Madison Estates

I N T H E PAT H O F D E V E LO P M E N T | C O M M E R C I A L & R E S I D E N T I A L

10

40TH AVE

MAD

ISON

ST

JEFF

ERSO

N ST

AVENUE 42AVENUE 42

AVENUE 41

INDIO BLVD

FRED WARING DR

DUNE

PAL

MS

RD

ADAM

S ST

DARBY RD

JEFF

ERSO

N ST

AVENUE 38

ADAM

S ST

ADAM

S ST

KINGSTON DRMANDEVILLE RD

BERMUDA DUNES DR

MAD

ISON

ST

CLIN

TON

ST

SUN CITY BLVD

EAST SIDE DR

VARNER RDCOUNTRY CLUB DR

AVENUE 39

Granite Construction Company1,145 Acres

Talavera

Alicante 187 UnitsFlorencia 193 UnitsGenova 193 Units

Trieste 65 UnitsVenecia 182 Units

Jacques Debonne281 Acres

BEAZER238 Units

PULTE303 Acres

CVCWD

CVCWD76 Acres

USA 747

CVCWD

Bermuda DunesGolf Course

Shadow HillsHigh School

BERMUDA DUNES Bermuda DunesAirport

Heritage PalmsCountry Club

Mountain VistaGolf ClubSun City

DELL WEBB SUN CITYSPECIFIC PLAN

HALUM29 Acres

CRUZ

Las ColinasVistas

WaringPalmsWest

195 Units

Madison Dev.NorthgateCrossing88 Acres

Pine Mnt.216 Units

Madison39

WaringPalms

World Dev.SOLD OUT

CenturyVintageHomes

SOLD OUT

JeffersonSquarePalm Royal

Country Club

280 Apt. Units118 SF Homes366,902 SF ofCommercial,

Retail & Office100 Room Hotel

Espana480 Units

GomezPalomares

Rivera

Robert Sandoval103 Acres 151

Units

FutureRetailSite

Ave. 4028 Acres

RilingtonCommunities

61 Acres

159 UnitsOak Grove 159 UnitsBella

Vista29 Units

LagunaSeca

Estates13 Units

SITE41.18 AcresCommercial

I N D I O L A N D O P P O R T U N I T Y 9

S A L E C O M PA R A B L E S

SALEDATE PROPERTY ADDRESS PRICE

PER SF SALE PRICE LANDAREA SF

PROPOSED USE /COMMENTS

1 Escrow Golf Center Pky. @ I-10 $10.81 $1,295,000 119,790 Commercial

2 3/15/18 42800 Washington St. $6.50 $1,924,733 296,208 Apartment Units

3 7/27/17 40995 Adams St. $4.52 $736,000 162,914 Commercial

4 7/11/16 Dr. Carreon Blvd. $5.77 $2,000,000 346,737 Multi-Family

5 6/28/16 Auto Center Dr. @ Adams $7.56 $7,250,000 959,191 Apartment Units - Condo

6 5/24/16 Jefferson St. $3.90 $1,200,000 307,533 Apartment Units

7 4/25/16 Golf Center Pky. $2.74 $1,025,000 373,744 Commercial

8 8/18/15 80430 Indio Blvd. $4.33 $2,000,000 461,736 Commercial

9 7/24/15 Atlantic Ave $9.00 $1,180,000 131,115 Hospitality

10 5/12/15 Golf Center Pky. @ Avenue 44 $2.66 $2,810,000 1,057,201 Medical

11 3/30/15 79633-79807 Bolton Dr. $4.28 $1,800,000 420,358 Single Family Development

12 2/19/15 79080 Varner Rd. $4.46 $3,942,500 884,703 Commercial

6 1011

12

7

9

8

1

53

2

4

INDIOLAND

The City of Indio hosts several events in the heart of the city each year. The Tamale Festival is held each December on the streets of Old Town Indio, celebrating one of the culinary deights of the region. The event holds the Guinness World Record as the largest tamale festival on record, with a 120,000 in attendance. The city also launched the annual “Indio Block Party” in 2014, featuring several showcase events celebrating the art, culture and music of Indio.

STREET FAIRS AND EVENTS

In 1999, Coachella Valley Music and Arts Festival was created and is an annual event that has brought notable music acts to the desert, including: Prince, Paul McCartney, Red Hot Chili Peppers, and many more. Coachella continues to draw large amounts of concertgoers to Indio. In 2007, Stagecoach, a country music festival, was launched and is held the weekend following Coachella. Performers have included George Strait, Kenny Chesney, Toby Keith, and more.

MUSIC FESTIVALSMuch of Downtown Indio is filled with art that displays and honors the cultural history of the desert. The Indio Mural Project chronicles Coachella Valley’s path to prosperity and growth, journeying from the early times of the indigenous native people, to the modern evolution of technology and mass transit. Indio is hot to a growing art scene that supports and nurtures future artists. Annual events give youth a chance to showcase their artwork and their unique talents.

ART

The Golf Club at Terra Lago (formerly the Landmark Golf Club) was established in 1998 and played host to the 1999 – 2002 PGA Tour Skins game, hosting the likes of Tiger Woods, Phil Mickelson, Sergio Garcia, Vijay Singh, Fred Couples, Greg Norman, among others. The Golf Club at Terra Lago presents 36 challenging holes (North Course and South Course). The North Course features dramatic elevation changes, stunning views, and a beautiful and challenging island green par 3.

TERRA LAGO GOLF COURSE

I N D I O L A N D O P P O R T U N I T Y 11

T H E A R E A

I N D I O AT A G L A N C E

Residential Population (5 mi) Annual Visitors

Average Household Income (5mi)

Average Daily Traffic (I-10)

Household Income Over $75,000

Total Daytime Population (5 mi)

140,853 1,400,000 $84,552

150,000 vehicles 37% 140,873

Coachella Valley Music & Arts FestivalStagecoach California’s Country Music FestivalPolo SeasonMaclin’s Open Air MarketRiverside County Fair & National Date Festival Shields Date GardensRiverside County Fairgrounds in IndioIndio International Tamale FestivalFantasy Springs Resort Casino Special EventsEmpire Polo Club

INDIO EVENTS | ANNUAL ATTENDEES

250,00085,00050,000115,000315,00050,00040,000

155,000150,000

15,000

©2020 Urban Property Group, Inc. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.

JOE BRADYjoe@upgsocal.comLic. No. 0190872

UPGSOCAL.COM | 858 874 1989

INDIOC OAC H E L L A VA L L E Y | R I V E R S I D E C O U N T Y

LAND