Listing ID : 642561
Posted on November 13, 2023 49
Great opportunity for a cannabis cultivation business in Salinas California! This premier cannabis property is located in Salinas, Monterey County and has the potential to be a powerhouse player in the industry. With a capital investment of $7 million, this project has the potential to offer an expansive 160,000 SqFt of canopy space once fully built out. The new owner will have the opportunity to apply for the necessary licenses. The owners were issued a Tier 2 License that was not renewed, the new owner has the ability to reapply and obtain the additional licenses. The Land Use permit has already been approved by the County, and has approved plans. Grading and foundation permits have been approved and will be issued within the next few months, with all fees paid. The building permit for a 260,000 SqFt facility is in the final approval stage, pending the submission of a construction waste removal plan from the contractor, System USA.
The business consists of two building stages. Stage One includes approximately 74,000 SqFt of greenhouse space, with around 48,000 SqFt of canopy area (subject to bench/table design and configuration). Stage Two expands the greenhouse footprint to a total of approximately 260,000 SqFt, with an impressive 160,000 SqFt of canopy space. The design also incorporates an enclosed building within the greenhouse for curing, processing, and the potential addition of non-volatile extraction capability. Materials for Stage Two are already available on-site, including 74,000 SqFt of greenhouse space and 48,000 SqFt of canopy, as indicated in the drawings. Don’t miss out on this incredible opportunity to enter the lucrative cannabis industry in Salinas, Monterey County.
Lot: 10 Acres
Current Greenhouse Space: 74k SqFt
Current Canopy: 48k SqFt
Projected Building Space: 260k SqFt
Projected Canopy Space: 160k SqFt
Power: 1000 AMP (Could be Increased)
RE Included In Sale
Real Estate Valued at $5M
Estimated Build-Out & Equipment Costs: $3M-$4M
Cultivation: Type of production and lighting use, number of plants grown or size of the canopy. The canopy is the area where mature (flowering) plants are grown
Asking Price: $6.8M (Seller Open to Offers)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Elliot Cardenas, DRE CA LIC #02138336
Eric Espinoza, DRE LIC CA #02077927
If you have any questions call Elliot (619) 770-2699 or Eric (858) 245-6324
Email: firstname.lastname@example.org or email@example.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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