Posted on June 4, 2022 / 10Listing ID: 408021APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $9,750,000
Status : ACTIVE
Lot Size (Acres) : 117
Power (AMPS) : 400 and 500
Company Name : Ragatz Associates, Inc.
Phone : 619-889-0302

Rare opportunity to own a beautiful 117-acre property in Calaveras County, in the famous Sierra Nevada Gold Country of California.  The property is divided into three distinct, but contiguous parcels.  Highlights include:

·         2 existing licensed cannabis farms

o    over 7,000 annual pounds of production of flower and 3,500 pounds of trim

o    almost $1 million invested in turn-key infrastructure, including 400- and 500-amp electricity, more than ample water, a complete road system, a 1,600 square foot residence and other ancillary support buildings, a state-of-the-art camera system throughout, and square fencing surrounding the farms

o    $600,000 in annual lease payments

o    unique micro-climate for high production of highest quality strains

o    possibility of obtaining a 3rd license

·         A 3,400 square foot, uniquely designed residence

o    four bedrooms and bathrooms

o    world-class mountain views

o    private retreat in serene environment

·         Possibility of developing ±60 homesites

o    turn-key infrastructure costs estimated at $4.5 million

o    estimated average selling price of $250,000 per homesite and between $475,000 and $750,000 for home/land package

o    ever-increasing residential demand in the Gold Country 

·         Potential of developing glamping sites and other overnight lodging for eco-tourism and cannabis tasting

·         Private access to over 1/3 mile on both sides of the South Fork of the Mokelumne River

·         The property has operated licensed cannabis farming since 2016.  The two farms include:

o    a one-acre farm, which has an Outdoor Cultivation License

o    a ½ acre farm, which has a Mixed-Light Cultivation License

o    Both farms have licenses from the State of California Department of Cannabis Control and the Calaveras County Division of Cannabis Control. 

o    In accord with State and County laws, the licenses are annual.  They are automatically renewable, assuming compliance with conditions of the licenses.  They are included in the price of the subject property.  The business is transferable to the new owner of the property upon appropriate background checks. 

A complete 29-page Information Memorandum is available upon request. 

 

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Cannabis & Hemp Banking
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