ATTN: CA Operators or Real Estate Investors— If you are looking to significantly increase your footprint and accelerate its entry into the California Cannabis market, this is the opportunity for you! This is a 16 acre / 90K Sq Ft Multi-Operator facility with built-in rental income of over $1 million as is and over $3 million when fully leased. CUP and zoning fully approved for Indoor Cultivation, Greenhouse, Nursery, Manufacturing Type 6 & 7, Non-Storefront Retail, Distribution and 3 rd Party Testing allowed. No Revenue Tax!!!
This is a 90,000+ square foot cold storage facility converted into a Cannabis Business Park. Located in California, the largest and most influential legal cannabis markets in the world. The campus is designed to accommodate multiple licensees.
With 40% of the space under lease (>$1 million annual rent), use remaining 50k sq ft for your operations or lease to cannabis operators and collect over $3 million in rent annually! Zoning & and CUP in place that allows for nearly all Cannabis License types but Outdoor Cultivation and Dispensary.
The facility is already compliant and operating with multiple rent paying tenants. Current rental income more than covers all facility operating expenses, and you will own a valuable appreciating asset that you can borrow against.
Great central location near I-5 & 99 in central California to easily serve both LA and the Bay Area
Recent appraisal $15 million AS IS; $22 million fully leased
Space: 90,000 sq ft total
40,000 sq ft leased @ $3.0 NNN (Generates over $1 million of annual rental income)
$185/ft inclusive of all license types
Over $7 million in Landlord and tenant improvements completed
Expansion – enough property to add 100,000 square feet
Fixed permit fee among lowest in the state; no revenue taxes
Third party testing lab already on site
Begin build-out immediately – CUP is in place
Over 4,000 amps 3 phase 480 volt
Agreement in place for 2.5 MW microgrid built at no cost to owner
6” Water main
Onsite 24/7 armed security
Licenses: CUP and Zoning approved for Indoor Cultivation, Greenhouse, Nursery, Manufacturing Type 6 & 7, Non-Storefront Retail, Distribution and 3 rd Party Testing allowed.
Asking Price: $17,000,000.00 (Seller Financing Available)