Marketing Flyer

THE HOFFMAN COMPANY EXCLUSIVE OFFERING
Opportunity to Purchase at ±28% of Year 2006 Effective Appraised Value
10 Years to Achieve Current Entitlement Status
M
PA L I N G S
R
P
S
PKWY
NEAR SELL OUT
NEAR SELL OUT
ER
CENT
GOLF
4
TA
NU
E4
UIN
10
AV
E
Q
LA
M
PA L E R T
DES
SOLD OUT
USA
ACTIVE
SOLD OUT
LAN
CO
L
M
OU
IN
S
D
A
TE
RR
CITY
O
INDI
LA
GO
PK
W
Y
TRIBAL
O
CH
E
AT
A
NT
N
LO
DIL
ACTIVE
USA
LAN
D
City of Indio 5th Fastest Growing City in California
Only Approved Major Project in City Limits of Indio to Supply Future Lot Inventory
10
ACTIVE
N RD
DILLO
RD
Near Terra Lago Golf Course, Eagle Falls Golf Course, & Fantasy Springs Resort & Casino
Nearly Adjacent to Terra Lago Active Adult/Public Builder Project (Home Prices $250k to $400k+)
Provide Affordability for Coachella Valley | Significant Land & Home Value Upside Potential Remaining
GRAND VALLEY
MASTERPLAN
3,053 APPROVED SPECIFIC PLAN LOTS | 1,183 ACRES
18-Hole Golf Course | 65-Room Hotel Site | 231 Acres Parks & Open Space
CITY OF INDIO | COACHELLA VALLEY, CA
P RO P E R T Y D E TA I L S
B RO K E R C O N TAC T
LOCATION
Indio, California
REGION Coachella Valley, Riverside County
INTERSECTION
NWC Dillon Road (2 miles from I-10) & Fargo Canyon Road
AREA LANDMARKS
Terra Lago Golf Course, Eagle Falls Golf Course, Fantasy Springs Resort & Casino, Spotlight 29 Casino
PROPERTY SIZE 1,183 Acres | Including 237 Acres Parks & Open Space & 233 Acre Golf Course
LOT COUNT
3,053 Total Approved Lots | 5.4 Acre Hotel Site (50-75 Rooms)
SINGLE FAMILY 2,306 Single Family Detached (4,000 to 9,000 SF Min.)
ATTACHED PRODUCT 747 Condominiums & Townhomes (8.0 to 15.0 DU/Acre)
ENTITLEMENTS
Approved: Specific Plan, EIR, Water Agreement, Development Agreement, Annexation, & Project Master Plan
SITE CONDITION Umimproved On-Sites. Adjacent to Major Arterial Road. Utilities Adjacent & Nearby.
OFFER DUE DATE
Offers to Be Considered as Submitted.
Erik Christianson, CA BRE #01475105
T 949.705.0920 | C 949.910.7337
[email protected]
Q U I C K FAC T S
CIT Y OF INDIO
RANK
Indio Home Price
#4
in CV
14.2%
(Oct. 2014-Oct. 2015)
Last 12 Months:
Indio Building Permits
#1 in CV
2,041/year avg.
(yrs. 2002-2006)
Per Year (Peak):
Indio Average Building
#1 in CV
492/year avg.
(yrs. 2014-2015)
Permits Per Year (Current):
#1 in CV
Indio Population Growth: 5th Highest in California
(yr. 2013)
*CV = “Coachella Valley” consisting of 9 cities in the “Palm Springs Valley”.
Sources: US Census Bureau, The Desert Sun, Dataquick, Inland Empire Economic
Partnership, San Bernardino/Riverside Co. Assessors
OFFERING MEMORANDUM Request from Broker.
P RO P E R T Y & I N D I A N W E L L S OV E RV I E W
“Grand Valley” is a 1,183-acre master planned community in Indio, the 5th fastest growing city of California. Located only 2 miles from I-10, future residents
of this scenic “Chocolate Mountains” view-corridor can enjoy nearby amenities such as the Terra Lago Golf Course, Eagle Falls Golf Course, Fantasy Springs
Resort & Casino and Spotlight 29 Casino. The subject property is situated just northeast of K. Hovnanian’s Four Seasons Active Adult 55+ project at Terra
Lago, with home prices ranging from $250k to $400k+. The subject development includes Specific Plan, EIR, Water Agreement, Development Agreement,
and Annexation approvals for 3,053 residential units and a 65-rooom boutique hotel, including an 18-hole golf course, and 237 acres of parks and open
space. Single family home sites will range from 4,000 to 9,000 sq. ft. and attached product density will range from 8 to 15 DU/acre.
Known as “The City of Festivals”, Indio was recently rated as one of the top 20 “Best Cities for young families in California”. Indio is the Coachella Valley’s fastest
growing city and is endowed as the most populous city in the desert with 84,000 residents. To keep up with the growing population, in the last six years
alone, the city of Indio has invested more than $100 million in infrastructure including paved roadways, landscaping, and upgraded water & sewer treatment
plants. Major new government/agency developments have recently been started and completed such as the New College of the Desert Indio Campus,
the new 90,000 square foot Riverside County Law Building, and the new Indio Detention Center which will add more than 400 full-time jobs. Shopping is
abundant in the city of Indio and is located nearby with the Super Target and Walmart Supercenter-anchored retail projects. The “Grand Valley Masterplan”
will offer one of the only opportunities for large scale development in the booming and historically most active new home sub-market in the region.
N E A R B Y T E R R A L AG O G O L F C O U R S E
N E A R B Y FA N TA SY S P R I N G S R E S O R T
COACHELLA VALLEY OFFICE: 777 E Tahquitz Canyon Way, Suite 200, Palm Springs, CA 92262 | T 760.969.7357