Posted on October 27, 2021 / 334Listing ID: 292095GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $32,000,000
Status : ACTIVE
Size : 43,560
Lot Size (Acres) : 1
Cannabis or Hemp Use Allowed? : Cannabis
License Can Be Moved to Another Location : Yes
License Type : Medical & Recreational
Sale Type : Cash, Financing, Owner Financing, Joint Venture

Project is new construction  on a 1 acre parcel in south Perris,CA.  Freeway front (highway 215) visible from both north and southbound traffic. New building will have a footprint of 11,982 sq ft two story.  Land is owned free and clear.  The project has 100% approved plans for the building through the city of Perris.  Project has passed through planning commission with full approval and received full entitlement from city of Perris.  Lounge ordinance has been approved by city of Perris.  Live entertainment is also permitted with new DCC regulations.  Indoor cultivation up to 5000 square feet on same site.   Project will be located on the border of Murrieta/Temecula with upscale demographics.  The 215 corridor will allow access from Perris, Temecula, Murrieta, Menifee, Moreno Valley, Riverside, Lake Elsinore, Hemet, and San Diego.  Billboard advertising is allowed on both directions of the 215 freeway.    The site has already been graded and the pad is certified.  Contractor bid for construction is 3,500,000.00   Owner will complete the buildout of the property as part of the sales price. Sales price also includes the purchase of adjoining lot for parking lot to manage flow of customers for lounge.  (buildout of extra lot parking not included) This project is one of the most desirable locations in the Inland Empire with NO competing dispensaries close to location.  This location stands on its own with extremely high growth and potential.  Annual gross revenue from dispensary expected to be 40-50million first year open.  Our team of experts are ready to assist the new buyer in completing the project and starting the construction immediately.  DO NOT MISS OUT on this once in a lifetime opportunity to take hold of the fastest growing industry gem being offered. Estimated value of the completed project is 65Million.   The seller is a long term high level vertical privately owned company with over 15 years of experience in this rapidly changing industry.  The seller is also willing to partner with the new buyer to entertain benefits from the sellers vertical capabilities of type 7 manufacturing and distribution as well as cultivation located in the city of Perris. 

Vertically Integrated Retail & Cultivation Empire (Perris & Adelanto, CA) | $29.9M
Opportunity for a Vertically Integrated Retail & Cultivation Empire. This business offers opportunity for absentee ownership, extraordinary sales annual increases, and room to scale!
Call Drew Mathews at (619) 653-0483 for more info. DRE CA LIC# 02091143
Contact Listing Owner
Cannabis & Hemp Banking
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