Fully Operational Licensed Cannabis Cultivation Facility

CannaMLS ID: 7185
Save Listing

Price: $14,000,000


Listing Details


Listing Category
Cultivation
Manufacturing
Distribution

License Status
Conditional use permit granted
Municipal / local license granted
State / annual license granted

Adult Use
YES

Price: $14,000,000

Listing Status: For Sale

I have a couple of off market deals that may be of interest. Fully Operational Licensed Cannabis Cultivation Facility - $14,000,000 (Desert Hot Springs, CA) condition: excellent 23k sft Industrial property sitting on 1.26 acres. 532 lights. Fully Licensed and Operational for Cultivation. Asking 300 PSF (6.9M) for the building and 7M for the business. The net profit is approximately 4M for 2022. That's a 28% Cap Rate for Year 1! The existing team can stay in place if buyer doesn't want to owner operate. Second Deal: Additionally, there is a larger deal up the street that's fully operational and licensed for Cultivation, Manufacturing and Distribution. It is 45k sft sitting on 2.52 acres Compromised of two 20k Sft Industrial Buildings plus 5k sft of additional space for processing. Build out includes 704 hps lights and 108 led lights, 180 veg lights. (992 total) Also included in this deal, Vacant lot behind the existing structure that is fully entitled for a two story 64k sft building that a could be developed next door(behind the property). Conditional Use Permit and Plans in place for (64k sft). Closed water loop system on the existing property. The business is Currently Generating 1200 lbs a month. (3 lbs a light) Operational Since 2018 Ceiling is 13-14 ft high 15m gross profit in 2022. 4M net profit this year. 10m Net Profit on 25m Gross Profit the Three prior years in a row (2019,2020,2021). Property Appraisal 2 years ago was for 9.5m (March 3, 2020) Power is 8000 amps at 480v 22k sft of existing canopy space. Septic currently on the property but could be connected to sewer line. Proof of Funds and NDA needed for all pertinent financial and licensure information. Listed for 20m. Incredible 20% Cap Rate in Year 1! 38 parking spaces Gated lot with full time security. Vacant Lot behind the property is 1.26 acres 32k cup stamped plans ready for construction (2 stories = 64k sft). Please let me know if you have anyone that would be interested in either one of these deals. Thank you. I look forward to hearing from you.


Listing Details

Listing Status
For Sale

Location
California 92240

Date Listed For Sale:
8/4/2022

Date Last Updated:
8/4/2022

Operational:
YES

Property Details

Buiding Size (sq ft)
23000 sq ft

Lot Size (acres)
50000 acres

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$14,000,000

Seller Financing Available?
NO

Property Purchase Price
$14,000,000

Property Lease Rate
$56,000/month

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