27,748 sf Warehouse w/ Cannabis Licenses and City Permits

Industrial for Sale
Catylist Listing ID: 30364276
Property Subtypes: Manufacturing, Light Industrial, Other
Building Status: Under Construction
Condo? Yes
Building Size (RSF): 27,748 SF
Gross Building Area: See Agent
Sale Price: $5,195,000
Ceiling: 14 ft. / 12 ft. Clear
Docks/Doors: 1 Dock, 1 Door
Office SF: 1,281 SF
Property Use Type: Net Leased Investment (NNN), Business
Building Name: Morongo Industrial Park
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 1/15/2019

Overview / Comments

* 27,748 sf Energy Efficient Free Standing Industrial Building - New Construction
* Includes Medium-Indoor Cultivation License, Type 7 - Volatile Manufacturing License, Distribution License, and City Permits in place
* No Manufacturing Tax in Desert Hot Springs
* Private high security development with 24/7 armed gate guard
* Building Features:
- Refrigerator type insulated wall and roof panels
- 3 Phase/480 Volt high output power - 2,600 amps
- Solar panel ready roof systems
- Offices with built in security rooms
- 12' to 14' clearance height
- Armed guard service & security lighting/cameras included
* Agricultural Rates from SCE for Cultivation
* Terms: Lease with option to purchase. Purchase to close April 2020. Lease Rate: $1.85 sf NNN

Directions: From I-10 traveling east exit Indian Canyon Drive and take a left (north). Travel 1 1/4 miles to Dillon Road, turn right (east) on Dillon Road. Travel 1 mile to Little Morongo Road, take a left (north) on Little Morongo Road and travel 1/2 mile. The property will be on your right.

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: a portion of 665-080-013
Is Condo?: Yes
Zoning: I-L
Property Located Between: Two Bunch Palms and Dillon Road
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2019
Parking Type: Surface
Total Parking Spaces: 20
Freight Elevators: 1
Amps: 2,600
Volts: 480
X-Phase: 3
Zoning Description: Light Industrial, allows for cannabis cultivation, manufacturing, and distribution
Part of Planned Development?: Yes
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,436 34,238 48,367
Median Age: 31.64 32.45 34.35
Households: 2,017 11,310 16,724

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