King City – 82,000 sf Cultivation, Type 7 Manufacturing, and Distribution Opportunity

CannaMLS ID: 4127
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Pricing Details

Full Buy Out Price:
$3,800,000
Buy In Price:
$3,800,000
Ownership Percentage:
100 %

Property Details

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

GREAT OPPORTUNITY JUST BECAME AVAILABLE.

• Existing Development – Excellent Location

• 4+ Acres Designed & Partially Developed

• Can Be Subdivided Into 1, 2, 3, or 4 Lots

• $3,000,000.00 already spent on this project.  Utility infrastructure completed.  One 20,000 sq ft greenhouse and type 7 manufacturing head house are at ~70% completion and can be 100% completed in ~4 months, ready for the upcoming season.

Includes real estate and 12 Existing City Approved Permits:

• 4 cultivation permits; 82,000 sf canopy

• 4 type 7 manufacturing permits

• 4 distribution permits

 

King City has one of the lowest net tax rate for a vertically integrated cannabis business company in California. The Cultivation tax is now $9.75 per sf.

King City allows NEW GREENHOUSES to be built. Type 7 Manufacturing tax is $30,000 flat a year in King City. Distribution and Non-Store Front Dispensary “Delivery” are both zero tax in King City. And unlike most cities and counties – King City’s CEQA review is compliant, which means all projects will receive pre-CEQA clearance. A savvy investor or company understands how significant that is.

 

Listed By:

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

Price: $3,800,000

Listing Status: For Sale

Details

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

Location: King City, California 97224

Recreational: Yes
Medicinal: Yes

Listing Type

  • Cultivation
  • Manufacturing
  • Distribution
  • Real Estate



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