CannaMLS ID: 4280
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Pricing Details

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

Property Details

Real Estate Is Included:
Has Buy-in Option:
Facility Is Built Out:
Has Room For Expansion:
Operations Are Needed:

Asking $15,000,000 – $30,000,000

9+ acre 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.

Business Opportunity

– Capitalization

Deploying $15M, primary use of funds will be the following:

  • Purchase of the $7,000,000.00 property and all fixtures
  • Renovation of an existing 70,000 sq. ft. gabled greenhouse
  • Expansion of an additional 125,000 sq. ft. of gabled greenhouse
  • Building of structures for Drying, Processing and Distribution
  • Restructure Existing Debt/Equity

– Projected Returns

With conservative fair market assumptions, management estimates this business to generate the following:

  • Annual Gross Sales from Cultivation- $60,000,000
    • Approximate 35% margin ($21,000,000)
  • Annual Gross Sales from Nursery- $10,000,000
    • Approximate 40% Margin ($4,000,000)
  • Annual Gross Sales from 3rd party Distribution- $10,000,000
    • Approximate 20% Margin ($2,000,000)

Total Estimated Annual Revenue: $80,000,000
Estimated New Profit: $27,000,000

Licensed: Yes
Building or land: Both
Total Building Sqft: 195,000 (70,000 + 125,000)
Ceiling Height: 18 ft
Canopy in Sqft: 245,000
Acreage: 9
Operational: Yes
Utilities: Water on Grid


Steve Bermudez – Cannabis Real Estate Consultants – DRE# 02116483

Price: $15,000

Listing Status: For Sale


Date Listed For Sale: 10/15/2020
License Type: Large Outdoor

Location: Carpinteria, California 93013

Recreational: Yes

Listing Type

  • Cultivation

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Terms And Options

  • For Sale, Lease, or Joint Venture.
  • Asking Price: $15,000,000 for Joint Venture or $30,000,000 for Acquisition
  • Lease: $66,000 per month + NNN
    • Option to purchase real estate for up to $7,000,000 with current appraised value over $10,500,000+