William Shopoff Of Shopoff Realty Investments Sells Land At Date Palm Interiors For $8M In Cathedral City

The transaction involved a fee simple land interest in 159 home ground leases situated at Date Palm Interiors in Cathedral City, CA. The sale price for this land asset was $8,000,000, reflecting the strategic location and potential for long-term housing development within the market.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $8,000,000
• Address: Date Palm Interiors
• Market: Cathedral City
• Seller: William Shopoff - Shopoff Realty Investments

This deal was facilitated by Shopoff Realty Investments, which utilized its regional expertise to navigate the complex land structure involving tribal ownership. The property was marketed based on long-term housing demand as part of the broader Westkin portfolio.