Posted on September 23, 2022 / 7Listing ID: 461206APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $6,875,000
Status : ACTIVE
Cap Rate : 13
Power (AMPS) : 2500
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Recreational
Company Name : WeCann

Located in a well secured, cannabis campus, this vacant, purpose-built, cultivation facility is exclusively listed for sale. Suitable for investors and operators alike. The city of Adelanto is the 2nd city of SoCal to allow large-scale, legalized, cannabis cultivation. The property has plans for 1,300 Grow Lights and is ready for an operator to take over. An operator will be tasked with finalizing the plans and completing the build-out of the facility. Over 50 retailers within 50 miles. Property can be purchased in a bundle with two great leased investments.

REAL ESTATE HIGHLIGHTS:

  • LOW CITY TAXES
  • Building SF: 58,000
  • Stories: 2
  • Power: 2,500 AMPS (buyer to confirm)
  • Parking Spaces: 30
  • Height Clearance: 14’0’’
  • Construction: Reinforced Concrete

LEASED INVESTMENT PRO FORMA

  • Leased Price SF: $1.25 SF
  • Monthly Base Rent: $72,500
  • Annual NOI: $870,000
  • CAP Rate: 13%

**NDA and Proof of Financials Required For Further Information Including Tours**

CANNABIS CULTIVATION ASSET

  • Includes Plans for Approximately 1,300 Lights
  • Ready for submission to City for Approval
  • (14) Flower Rooms
  • (3) Vegetation Rooms
    • (2) Dry Rooms
    • (1) Trim Room
    • (1) Lunch Room
    • (1) Receiving Area
  • Requirements to Operate
    • Minor Conditional Permit (MCUP)
    • Complete Build-out
    • Equipment

 

PORTFOLIO OPPORTUNITY:

17349 Muskrat can be included as part of a portfolio sale with two additional buildings which are currently tenanted by one of the biggest cultivators in the nation. The two, occupied facilities are completely built out with state of the art equipment and operational for large scale indoor cultivation. These buildings offer huge returns to an investor who will be shielded from market volatility with such a trusted and well known tenant.

TENANTED BUILDING #1: ADELANTO (LOCATED IN THE SAME PROJECT AS 17349 MUSKRAT)

  • Approx. 47,000 SF
  • Annual rent: $3,060,000
  • CAP Rate: 15%
  • 2500 AMPS – verify

TENANTED BUILDING #2: LOS ANGELES

  • Approx. 29,800 SF
  • Annual Rent: $1,800,000
  • CAP Rate: 10.59%
  • 2500 AMPS – verify
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Cannabis & Hemp Banking
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