INDIO, CALIF. — BH Properties has acquired 100 acres of land in the High Desert community of Indio for $8.8 million. The land is located at 42nd Avenue and Monroe Street. It sits adjacent to Interstate 10.
A Walmart Supercenter is being built next door. It is expected to open next year.
This is BH Properties’ first land acquisition. The seller, Wells Fargo Bank, was represented by Curtis Barlow of Coldwell Banker Commercial/Lyle & Associates and Tom Olson of Douglas Wilson Companies.