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50 Acre, 100% Leased, Arizona Cultivation Property for Sale

2144 North Road 1 East, Chino Valley, AZ, USA
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  • Cannabis Real Estate Listings | Cannabis Greenhouses For Sale
  • Cannabis Real Estate Listings | Cannabis Greenhouses For Sale
  • Cannabis Real Estate Listings | Cannabis Greenhouses For Sale
  • Cannabis Real Estate Listings | Cannabis Greenhouses For Sale
  • Cannabis Real Estate Listings | Cannabis Greenhouses For Sale
  • Cannabis Real Estate Listings | Cannabis Greenhouses For Sale
  • Cannabis Real Estate Listings | Cannabis Greenhouses For Sale
  • Cannabis Real Estate Listings | Cannabis Greenhouses For Sale
  • Cannabis Real Estate Listings | Cannabis Greenhouses For Sale

Listing ID : 707185

Posted on May 6, 2024 View Count 275

Price For Sale:
$16,000,000
Size:
100,000 Sq. Ft.
Lot Size:
47 Acres
Power:
6,000 AMPS
Utilities:
Electricity, Well Water, Garbage, Natural Gas
Year Built:
2021
Facility & Tenant Improvements:
The site has been recently renovated by the operating tenant, with approximately $10 Million worth of capital improvements. Only 36% of the property has been developed, including +/- 17 acres of secured/fenced development of +/- 47 acres of total property. Within the existing secured perimeter, the site currently includes +/- 100,000 square feet of operating facility space, with an additional +/- 60,000 square feet of utility and pad-ready area to build future operational infrastructure. The most recent expansion/improvement project included a brand-new ground-water well and RO filtration system, a 90-space parking lot, paved roadway infrastructure, and a complete upgrade to the utility systems found on the property, including 2500 KVA transformer access and Fiber/Cat6 underground for the security and communication systems. The Property sits alongside AZ Highway 89, a major improvement corridor.
Cannabis or Hemp Use:
Cannabis Only
Terms of Sale:
Cash, Owner Financing
NDA Required:
Yes
Reason for Selling:
The owner/landlord (Zoned Properties, Inc.) has a strong pipeline of new acquisition opportunities, focused on retail dispensary property investments. The company has owned this cultivation site for many years, and is looking to divest the site in order to free up investment capital.
Company Name:
Zoned Properties
Phone:
480-351-8193
Email:
Bryan@zonedproperties.com
Description :

The Chino Valley Cultivation Facility has been one of the leading cannabis operations in the Arizona cannabis market for over five years. The property is 100% leased under a NNN Lease Agreement with a term through May 2040, leased to a top Arizona, vertically-integrated cannabis company, backed by a major national cannabis capital firm.

The site has been recently renovated by the operating tenant, with approximately $10 Million worth of capital improvements. Only 36% of the property has been developed, including +/- 17 acres of secured/fenced development of +/- 47 acres of total property. Within the existing secured perimeter, the site currently includes +/- 100,000 square feet of operating facility space, with an additional +/- 60,000 square feet of utility and pad-ready area to build future operational infrastructure.

The most recent expansion/improvement project included a brand-new ground-water well and RO filtration system, a 90-space parking lot, paved roadway infrastructure, and a complete upgrade to the utility systems found on the property, including 2500 KVA transformer access and Fiber/Cat6 underground for the security and communication systems. The Property sits alongside AZ Highway 89, a major improvement corridor.

Full Offering Memorandum available with a completed NDA found here: www.zonedproperties.com/nda

Please complete NDA and email Bryan@zonedproperties.com for OM and more information. Thanks!

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