The 2 lots are being sold as a single lot. The Subject is located in a very active development zone that includes a new Amazon building and a new PODs building.
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.