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Available For Sale - Land

0 SF | Show Pricing $

AVAILABILITY DETAILS

Size
0 SF
Price/SF
Show Pricing $
Listing ID
SA384093
Notes
14.44 acres of land located on major thoroughfare Dillon Road in Desert Hot Springs currently leased long term to a subsidiary of ConEdison for the generation and distribution of energy through a solar photovoltaic system. Cost to entitle, permit and improve the land and Dillon Road was incurred by Tenant and adds significant value to the land. All utilities, water, street improvements, curb, gutter, and landscaping existing and maintained by Tenant.



Tenant pays all taxes and insurance directly.



Fantastic opportunity to land bank while passively earning income. Long term, annual increases, and tenant is owned by Consolidated Edison, Inc. Con Edison is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $48 billion in assets.[2] The company provides a wide range of energy-related products and services to its customers through its subsidiaries primarily based on the East Coast.
Uses
Land

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Heather Sharp, Wilson Meade Commercial Real Estate
BRE# 01146312