523Listing ID: 83738GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $3,750,000
Status : ACTIVE
Size : 871850
Lot Size (Acres) : 20
Cap Rate : 46
APN : 0459-113-03
Cannabis or Hemp Use Allowed? : Cannabis
Sale Type : Owner Financing
Company Name : David Lyng Real Estate
Phone : 408-497-3989

The City of Adelanto, CA was among the first cities in California to approve industrial cultivation.  Ready-to-build turnkey and affordable commercial and retail facilities for cannabis related operations including cultivation, manufacturing, distribution, transportation. Approved for 10 new building totaling 324,000 sf on a 20-acre site.  Adopted Mitigated Negative Declaration (MND), Approved Location and Development Plan (LDP 18-15) and Conditional Use Permit (CUP 18-17). Resolution #19-25. Current approval good to 12/18/2021.  The permitted use of Medical Marijuana Cultivation allows use in this specified industrial zone.  Eight Warehouse buildings total 297,678 sf and 6 are 44,260 sf divided in 2 units each of 22,130 sf and 2 buildings are 12,658 divided into 2 units each of 6,239 sf, all building have 625-779 sf office space each. Ceiling height 20 at center. Two retail buildings total 26,878 sf and are 12,072sf, and 14,806 sf.

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