Santa Barbara 245,000+ sq ft Cultivation

CannaMLS ID: 4126
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Pricing Details

Full Buy Out Price:
$30,000,000
Buy In Price:
$15,000,000
Ownership Percentage:
50 %

Property Details

Property Is Leased:
Yes
License Is Movable:
No
Real Estate Is Included:
Yes
Has Buy-in Option:
Yes
Facility Is Built Out:
Yes
Has Room For Expansion:
Yes
Operations Are Needed:
No

9+ acre operational licensed property with 120,000 sq. ft for the  cultivation of cannabis (70,000 sq. ft in greenhouse for flowering  and approximately 50,000 sq. ft for nursery and  vegetation).  CUP has been submitted for additional 125,000 sq. ft. of greenhouse.  For a total cultivation capability of 245,000 sq. ft. Distribution license application has been submitted and is under review.

Once the additional 125,000 sq. ft. of  greenhouse is completed, the revenues are estimated by management to exceed $6,500,000 per month.

Real estate was recently appraised at $10,500,000+.

 

 

Listed By:

STEVE B - DRE # 02116483
Alternative Real Estate Investments, Inc

Price: $15,000,000

Listing Status: For Sale

Details

Date Listed For Sale: 9/6/2020
License Type: Cultivation

Location: Carpinteria, California 93013

Recreational: Yes
Medicinal: Yes

Listing Type

  • Cultivation
  • Distribution
  • Real Estate



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Terms And Options

5 year option to extend.