PREVIOUSLY LICENSED OPPORTUNITY IN CATHEDRAL CITY WITH BUILD OUT PLANS

CannaMLS ID: 4291
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Pricing Details

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

Property Details

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

Asking $2,300,000 (with plans)
Asking $5,300,000 (cold shell)

Investment Needed $5,300,000 (Building) + $4,800,000 ($200 PSF Build Out) ($100 PSF + $130 PSF)

Tax Savings vs AVG (7.5%) $15 PSF (Cultivation)!

2 hours from San Diego and 1 hour and a half from Los Angeles. Near multiple airports, including Palm Springs International Airport. Some of the largest Cannabis Greenhouses in the State are in Cathedral City. Licenses are available and this property was previously licensed.

 

About Property

Licensed or Eligible: Eligible (Previously Licensed)
Cannabis Use: Cultivation, Manufacturing, Distribution

Building 19,650 sq ft
Proposed 23,870 sq ft reconstruction
Previously Licensed Facility
Building S.F.: Existing 19,650 sq ft
Lot Size 1.53 Acres
Ceiling Height: 15,470 / 8,400  14’4″ /10’6″
Canopy: 10,000 or 15,000 sq ft
Zoning: Industrial/Commercial
Power: 1,000 Amps
Natural Gas Available
Water Water on Grid
Proposed 24,000 sq ft building
Parking: 78
Operational: Non Operational
Improvements Needs Power & Building 16,000 sq ft
Tax Savings vs AVG (7.5%) $15 PSF (Cultivation)
AVG Comparable (On Market) $2,300,000
Time To Completion: 11 months

 

Miklos Campuzano – Cannabis Real Estate Consultants – DRE#02072292

Price: $2,300,000

Listing Status: For Sale

Details

Date Listed For Sale: 10/16/2020
License Type: Cultivaition, Distribution, Manufacturing

Location: Cathedral City, California 92234

Recreational: Yes

Listing Type

  • Cultivation
  • Manufacturing
  • Distribution



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Terms And Options

  • $2,300,000 Purchase Price (As Is) * 1 *
  • $5,300,000 (23,870 sq ft building) * 2 *1.
    • $1,300,000 Down Payment
      • $1,000,000 seller financing %7 interest (12 months)
    • 2. $2,650,000 Down Payment
      • a. $2,650,000 seller financing %7 interest (12 months)