2.2 Acres with CUP for Cannabis Company

Industrial for Sale
Catylist Listing ID: 30295233
Property Subtypes: Light Industrial
Building Size (RSF): 4,200 SF
Gross Building Area: See Agent
Sale Price: $1,000,000
Unit Price: $238.10 PSF
Ceiling: 14 ft. Clear
Docks/Doors: 1 Door
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/1/2018

Overview / Comments

This property was the 8th CUP in the City of Desert Hot Springs for cannabis cultivation and manufacturing. There are two metal buildings. One 1800 sq feet and one 2400 sq ft. There is aprox 304 feet on Little Morongo Road with all utilities on property including sewer tie-ins. The 2.2 acres of prime entitled property runs three hundred feet deep and will support a 22,000 sq ft canopy with room in the front for Micro business licenses including manufacturing and product development as well as distribution and transportation. The listing agent on the property holds a long term lease on 1.8 acres or about 85% of the total property. Lease Holder is open to being bought out of the position. Price is reflective of enough equity to provide concessions for the lease buyout.
Location , Location, Location this is one of the last premier locations in DHS for Cannabis production and manufacturing. Bring Offers Now!

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 663-280-001
Zoning: LIGHT INDUSTRIAL
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1960
Total Parking Spaces: 12
Legal Description: Abbreviated Description: CITY:DESERT HOT SPRINGS SEC/TWN/RNG/MER:SEC 36 TWN 02S RNG 04E 2.27 ACRES IN POR SW 1/4 OF SEC 36 T2S R4E City/Muni/Twp: DESERT HOT SPRINGS

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,436 36,615 43,564
Median Age: 31.64 33.81 33.98
Households: 2,017 12,376 14,789

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