Posted on September 18, 2021 / 163Listing ID: 282665GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $950,000
Status : ACTIVE
Size : 10,000
Lot Size (Acres) : 0.86
Power (AMPS) : 800
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Medical & Recreational
Utilities : Water, Electricity, Sewer, Trash
Phone : 650-250-5177
  • A unique business opportunity to operate an indoor cannabis cultivation, manufacturing, and distribution business in Santa Rosa in a newly built 10,000 square feet industrial warehouse. 
  • The owner has an approved conditional use permit from the City of Santa Rosa to operate a commercial cannabis cultivation w/nursery (4,725 SF), non-volatile cannabis manufacturing (1,340 SF), and a cannabis distribution (3,925 SF) facility.
  • The project site is located in a highly desirable industrial neighborhood of Santa Rosa surrounded by commercial uses. 
  • Santa Rosa sits between Humboldt County, the State’s major cultivation center, and San Francisco Bay Area region, one of the biggest cannabis retail markets. Santa Rosa is also known for its favorable tax rates and fair cannabis policies. 
  • The warehouse has a gated entrance, and the entire perimeter of the project site is fully enclosed.
  • High ceiling – approximately 18’ to accommodate two tier vertical racks in the cultivation section. 

Ø  Favorable lease terms – see below

    • Facility Details:
      • Space: 10,000 SF
      • Rent: $13,000 (for the initial first five years, the rent will remain $1.30 per square ft with no increase for CPI.)
      • Five, three-year options beginning in 2024
      • Exclusive Right of First Option to purchase the Premises 

 

    • License Details – Approved Conditional Use Permit for:
      • CULTIVATION W/NURSERY (TYPE 1A & TYPE 4) – 4,725 SQUARE FEET
      • MANUFACTURING LEVEL 1, NON-VOLATILE (TYPE 6) – 1,340 SQUARE FEET (THE FACILITY IS ALSO ZONED FOR A TYPE 7 LICENSE & CAN BE AMENDED IN THE FUTURE TO INCLUDE VOLATILE MANUFACTURING)
      • DISTRIBUTION (TYPE 11) – 3,925 SQUARE FEET

 

 

Asking Price: $950,000

If interested (and/or have questions) please contact: 

George Abrahamyants at 650-250-5177 (mobile) or email abrahamyants@uchastings.edu

 

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