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

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.