18,488 SF - 2 Industrial Buildings with Approved CUP

Industrial for Sale
Catylist Listing ID: 30528254
Property Subtypes: Industrial-Business Park, Light Industrial
Building Size (RSF): 18,488 SF
Gross Building Area: See Agent
Sale Price: $3,395,000
Unit Price: $183.63 PSF
Ceiling: 13 ft. Clear
Docks/Doors: 1 Door
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/11/2019

Overview / Comments

- Zoned for Cannabis - Cultivation, Manufacturing, and Distribution
- Approved CUP - 18-022 for 14,921 SF Cannabis Cultivation, Manufacturing, and Distribution facility
- Includes 3,586 SF Commercial Building currently leased to Trunks Bar
- 11-Tenant, 14,902 SF Monthly Below Market Rates
- Provisional License and CUP included in sale of property

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 687-083-001
Zoning: IP
Highway Access: From I-10 traveling east exit Date Palm Drive. Travel approx. 3.2 miles. Turn right (west) on Dinah Shore Dr. Drive .5 miles and turn left (south) onto Cathedral Canyon Dr. Property will be on the right at the intersection of Commercial Rd.
Site Description: Cannabis facility in the heart of Coachella Valley. This 11-tenant facility offers all possibilities. Property's in-line industrial tenants are all on month-to-month, below-market leases.
Area Description: 36737 Cathedral Canyon Dr., Cathedral City. Property is located at the NWC of Cathedral Canyon Dr. and Commercial Rd. in Cathedral City.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1975
Total Parking Spaces: 25
Zoning Description: IP - Industrial Park

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,150 50,128 114,583
Median Age: 55.03 44.2 46.19
Households: 3,723 20,138 49,313

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