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Bill Shopoff Sells Fee Simple Land Sale In Cathedral City For $8 Million With KW Commercial

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SOLD
$8,000,000

California

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Package Deal
Sold 09/11/2025
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Property Image
SOLD

Bill Shopoff Sells Fee Simple Land Sale In Cathedral City For $8 Million With KW Commercial

28555 Landau Boulevard

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Package Deal
Sold 09/11/2025
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Summary

CALIFORNIA
Asset Type:Package Deal
Transaction Type:Sale

The transaction involved a fee simple land sale encompassing 35 acres located at 28555 Landau Boulevard in Cathedral City. The sale was conducted for a total price of $8,000,000. The asset includes ground leases on 159 residential homes situated within the Desert Princess Community, which is adjacent to the DoubleTree Hotel and noted for its appeal in long-term housing.

Summary of transaction details:

  • Property Type: Fee Simple Land Sale
  • Transaction Amount: $8,000,000
  • Address: 28555 Landau Boulevard
  • Market: Cathedral City
  • Acres: 35
  • Seller: Bill Shopoff
  • Brokers: Ryan Rembert, Josh Feldman & Mason Rowland - KW Commercial

The seller, Bill Shopoff, represents Shopoff Realty Investments, which specializes in opportunistic and value-add real estate investments. The brokers involved in the transaction, Ryan Rembert, Josh Feldman, and Mason Rowland, played a significant role in facilitating the sale of this property asset.

Players

Ryan Rembert
11 deals$230.8M volume
BROKER

Mason Rowland
KW Commercial
11 deals$223.2M volume
BROKER

Josh Feldman
Keller Williams Realty
3 deals$54.4M volume(310) 375-3511
BROKER

SELLER

Details

SOLD
IMAGE: Bill Shopoff, Ryan Rembert, Mason Rowland & Josh Feldman DATE: 09/11/2025 ADDRESS: 28555 Landau Boulevard MARKET: Cathedral City ASSET TYPE: Fee Simple Land Sale ~ ACRES: 35 SELLER: Bill Shopoff BROKERS: Ryan Rembert, Josh Feldman (@JoshFelds) & Mason Rowland (@Rembert_Rowland_cre) - KW Commercial (@KW_Commercial) SALE PRICE: $8,000,000 NOTE FROM SELLER: Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, recently announced the sale of Date Palm Interiors, a fee simple land interest on homes located within the Desert Princess Community in Cathedral City, California, for $8 million. The interest includes ground leases on 159 residential homes within a well-established enclave adjacent to the DoubleTree Hotel, offering resort-style living and strong demand for long-term housing.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$28,422.30
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