Coachella Cann Park, Coachella, CA 92236

Industrial for Sale
Catylist Listing ID: 30440994
Property Subtypes: Industrial-Business Park, Research & Development, Other
Building Status: Proposed
Condo? Yes
Building Size (RSF): 50,894 SF
Gross Building Area: See Agent
Sale Price: $4,164,600 - 15,268,200
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/25/2019

Overview / Comments

Coachella Cann Park features 3-story concrete tilt up buildings suited for cultivation, manufacturing or distribution, and state of the art light deprivation greenhouses which are the next generation of cannabis cultivation.

All buildings are all condo-mapped and priced at $300/SF with abundant power to each.

Very favorable tax structure with this project's development agreement with the City of Coachella.

The concrete buildings have 3-story condos of +/- 13,882 SF in shell condition with private elevators and can be combined up to 98,520 SF. .

Greenhouse units are +/- 50,000 SF each and delivered in turnkey condition featuring flowing and veg lights, tables, automated fertigation systems, cooling and heating systems, and restrooms. Units can be combined up to +/- 400,000 SF.

Seller will finance with 50% down, amortized over 25-years at a competitive interest rate. No points or prepayment penalty.

Coachella Cann Park features close proximity to the Interstate 10-freeway with access to all of California.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 603-232-010
Is Condo?: Yes
Zoning: CANNABIS
Site Description: Abundant Power to Each Building, Low Tax Rates, Seller Financing, Complimentary licensing and operation design consultant available, Freeway Accessible.
Tenancy: Multiple Tenants
Year Built: 2019

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,277 75,979 127,157
Median Age: 25.37 28.08 31.17
Households: 2,432 19,105 35,795

Sponsoring Organization

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