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Coachella’s ideal location puts it in front and center. Situated in a regional marketplace of more than 21 million customers, with rail service, airports, and access to commercial shipping and cargo. Easy access to the nationwide east-west Interstate 10 corridor, 86 Expressway, and three airports; Palm Springs International Airport, Bermuda Dunes airport, and the nearby Jacqueline Cochran Airport. Coachella is two hours from Los Angeles and San Diego, three and a half hours from Phoenix, and four hours from Las Vegas.
Why is investing in an Opportunity Zone better than a 1031 Exchange?
Temporary Deferral: Similar to a 1031 Exchange
Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation.
Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income.
For more information, please visit the Opportunity Zone page.
DISCLAIMER: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref 121120 jc, 103120 wm