BEST LOCATION IN ALL OF PALM SPRINGS with Real Estate Included (4.8 acres)
This is an opportunity for the one and only COMPLETE, VERTICALLY INTEGRATED CAMPUS, licensed for Retail Dispensary, Manufacturing, Cultivation, Distribution, and Transportation, for Medical and Recreational Use Cannabis Products.
The fully approved and permitted Project consists of 4.8 prime acres of Interstate Freeway and Freeway Off-Ramp frontage property in the City of Palm Springs, California. This development is entitled as a 103,600 square foot, flexible, vertically integrated Cannabis Operation in a Campus-like setting.
Next door is one of the busiest Pilot Travel Center and Rest Stops in the country with over 5,000 Truckers stopping each day for gas, rest, Wendy’s, Cinnabon, and supplies. This huge Truck Stop is open 24 hrs. a day, and even has showers. Capturing just 1%, there would be over 50 customers a day from the Trucker population alone. In addition, over 110,000 cars pass by or stop here each day, and many more vehicles during the Coachella and Stagecoach Music Festivals!
Plans for a new 10,000 seat Arena in downtown Palm Springs has just been announced, and includes a partnership with Live Nation, who has exclusive deals with the likes of U2, Jay-Z, and Madonna. They will “supply the new arena with its large stable of top touring artists and premium live events.” The nearby Palm Springs International Airport is on-track to receive more than 3 million visitors this year. This location has the potential to easily supply product to over 300 to 400 customers a day because of its PRIME location.
Buildings vary in size. Current Building 1 Floor Plans depict a 3,650-sf dispensary, 22,000 sf cultivation, and could include manufacturing and distribution facilities. The flexible, vertically integrated campus allows for any combination and configuration of cannabis uses, within each building across the entire site, in a one-of-a-kind location.
Being located at the eastbound Indian Canyon Drive on and off-ramp offers immediate access to the Interstate-10 Freeway for the distribution of products. This is a truly a unique location and opportunity.
Here are the projected numbers for just Cultivation.
60,000 SQ FT CANOPY SPACE
1.2lb per light, (4×4) 60,000 sq ft
4500 lbs per Yield
6 Yields per Year at $1,000 Per LB
27,000 LBS per Year = $27M potential Revenue from cultivation space alone.
Asking Price with Real Estate Included and ALL Licenses 5.9M, This Owner is very professional, reasonable and willing to get creative to get a deal done. Seller Carry is an Option.
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released