82291 61St Ave Thermal, CA 92274
This exceptional 34,655-square-foot industrial property in Thermal, California, presents a unique investment opportunity. Situated on 11.42 acres, the property includes a 18,000-square-foot warehouse with approximately $1 million worth of date processing equipment (inventory list available upon request), 10,000 square feet of cold storage, and over 2,000 square feet of office space. Additional features include drying and steam rooms. The site also boasts three single-family homes (two with month-to-month tenants) and over 7.5 acres of Medjool date trees yielding approximately 25,000 pounds of fruit annually. The facility, built in 1970, has a 15-foot ceiling height and was designed to process up to 6 million pounds of dates per year, previously handling approximately 4.5 million pounds. Utilities include propane, natural gas, and IID Power. Located in an Opportunity Zone, this property offers significant tax advantages. The versatile layout and zoning allow for various business uses, including cannabis cultivation, manufacturing, and distribution. The asking price is $3,250,000, with a price per square foot of $93.78. The property's APN is 764-300-002.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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