IN ESCROW – INDUSTRIAL BUILDING WITH LARGE MEZZANINE AND CLOSE PROXIMITY TO INTERSTATE 10

CannaMLS ID: 3623
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Pricing Details

Full Buy Out Price:
$0
Buy In Price:
$0
Ownership Percentage:
0 %

Property Details

Real Estate Is Included:
Yes
Has Buy-in Option:
No

Asking Price: $2,153,500

Building is in Escrow – Due to Close May 1, 2020

Currently has a State License for dispensary, non-storefront, non public use; Delivery License.  Available for Sale-Leaseback.  Large building and warehouse style property ready for business expansion in a thriving cannabis region of California.  Current size is 6,193 SF, mezzanine can be expanded for total building size of 12,600 Sq Ft.  Ground level doors can be added to the building.  Warehouse walls are 17” thick insulated with 2-4” slabs of foam between a concrete wall (over R-30 rating).  Available adjacent lot on south side of property, can be combined for a larger parcel.

Property Details

  • Licenses: Currently has a State License for dispensary, non-storefront, non public use; Delivery License.
  • Zoned for Cannabis Uses: manufacturing, cultivation, distribution and retail
  • Size: 0.46 acre (20,056.3 SF)
  • Building Sqft: 6,193 SF industrial building with a 974 SF mezzanine. Approximately 1,053 ±SF office space.
  • Expansion Details: Mezzanine can be expanded for total building size of 12,600 Sq Ft.
  • Building Stories: 1 story
  • Canopy Sqft: up to 12,000 SF
  • Equipment: Property has its own waste water treatment installation
  • Air Conditioning:  4 evaporative coolers, 3 large commercial exhaust fans and 1 A/C unit.
  • Ceiling Height: 30’ clear height
  • Existing Utilities: Street is fully improved with utilities (minus sewer which is planned for installation by Mission Water District)
  • Power (amps): Existing 400 amps of power – may be expanded
  • Parking: 22 Parking Spaces
  • Location: Convenient access to the I-10 Freeway

City Tax Rate: Cannabis Cultivation Tax (Measure HH) A biannual tax of twenty-five dollars and fifty cents ($25.50) per square foot for the first 3,000 square feet of cultivation, and ten dollars ($10.20) per square foot for the remaining space utilized in connection with the cultivation of cannabis. Cannabis Sales Tax – Dispensaries (Measure II) A monthly 10% tax on the proceeds from the sale/provisions of cannabis.

  • Year Built: 2015
  • Terms of Purchase
  • Type: Sale or Lease
  • Price: Asking $2,153,500
  • Lease Term: Negotiable/Available
  • Lease Rate: Negotiable/Available

Deal Type:

  • Real Estate Only
  • Sale-Leaseback

 

Price: $2,153,000

Listing Status: For Sale

Details

Date Listed For Sale: 3/18/2020
License Type:

Location: North Palm Springs, California 92258

Recreational: Yes
Medicinal: Yes

Listing Type

  • Cultivation
  • Manufacturing
  • Distribution
  • Dispensary