Coldwell Banker Grass Roots Realty is pleased to offer reservations for a potential condominium project located in building N4 of the Ganesh (formerly Grass Valley Group) Cannabis Campus. Building N4 consists of 72,000 SF spread over two (2) floors. The building meets Nevada City’s zoning guidelines for cannabis businesses and may be used for all license types available within Nevada City (cultivation, manufacturing, processing, and distribution). See the following link for more information on Nevada City’s cannabis ordinance (https://www.nevadacityca.gov/pview.aspx?id=20817&catid=0). Nevada City features some of the lowest cannabis tax rates in the state, making this an extremely attractive offering for cannabis businesses that are producing significant amounts of revenue or new cannabis businesses alike (see attached tax analysis). Building N4 is set back in a heavily wooded, secluded, campus-like environment surrounded by pine trees and beautiful views, making it incredibly unique for a cannabis property.
Building N4 features flexible options for occupancy. Ceiling height is approximately 13′ allowing for double-stacked cultivation on each floor. Column width within each floor plate is 30′, allowing for many configurations of unit sizes/shapes. Suites are available from 1,000 SF up to 36,000 SF. Additionally, the property features robust power capacity and backup generation, allowing for the possibility of operating uninterrupted through power outages. Condominium ownership allows small to medium-sized cannabis companies an opportunity to own their own real estate at a much lower occupancy cost than leasing and be in control of their future space needs. Pricing is negotiable based on the size of the condominium desired. Seller/private financing is available with a minimum of 10%-20% down at 8.5%-10.5% interest rate for qualified buyers.