June 28, 2016
Irvine, CA-based Shopoff Realty Investments acquired a 22-acre vacant site in La Quinta, CA from Saxony Productions for $7.25 million. The national manager of opportunistic and value-add real estate investments intends to entitle the property for a mixed-use development with commercial and residential real estate.
Shopoff Realty Investments’ William Shopoff says, “This is an excellent asset in a prime location in Coachella Valley” that is surrounded by high quality developments.
The property is located at the southwest corner of La Quinta Dr. and Auto Center Dr., adjacent to the La Quinta Resort & Club, the Rancho La Quinta Golf Club and Lake La Quinta.
Hoffman Company’s Erik Christianson represented the seller, while Shopoff Realty Investments was self represented.