We have an amazing opportunity for an Indoor Cultivation Facility located in a highly desirable area of Santa Rosa. Owner has C.U.P. in hand for both Medicinal and Recreational Use and is in the final stages of obtaining State Licenses for Cultivation, Processing and Nursery. The current space is 3,407 sqft, however it has the ability to nearly double its current size to ~ 6,800 sqft without increasing the rent ! Representing a greater value for the new operator.
Santa Rosa is well known for its favorable tax rates and fair cannabis policies. Santa Rosa’s Tax rates for Cultivation is 2% of gross receipts or $5.00 per square foot. Also, Cannabis businesses paying the special cannabis tax would be exempt from the city of Santa Rosa’s general business tax, which costs up to $3,000 per year.
This business has been developed with a Phased approach:
- Phase 1 – Processing and Nursery operation utilizing facility as is (Pending Final approval of building dept)
- Phase 2 – Build out 2 story state of the art Cultivation facility with 2-tier racking systems for Cultivation, and separate licenses for processing and nursery to support other local operators.
PGE upgrade to 1200 AMPS is near completion after 2 years in the process! Provisional license for Nursery has completed scientific review with CDFA and is expected to be issued in the next 45 days.
- Both Medicinal & Recreational Use
- CUP approved
- Nursery license is currently in Administrative Review and expected in the next 60 days.
- Provisional licenses are expected within 45 Days or fewer.
- Compliance items for licenses (Surety bonds, registrations with CDFW, Waterboards, etc)
- Architectural drawings for Phase 2 Included.
- Rent: $7,725/Month
- Space: 3,407 sqft (Ability to nearly double the space based on current architectural design, without a change in rent!!!)
- Lease: 5 Year w/ a 5 Year Option
- Fire sprinklers already installed!
Asking Price: $300,000.00
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location.
Green Life Business Group, Inc DRE CA LIC# 02061374
Eric Espinoza, DRE LIC CA# 02077927
If you have any questions Call Eric at (858) 245-6324
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.