Cannabis & Hemp Insurance


Price : $4,750,000
Listing Type : Greenhouses For Sale
Status : ACTIVE
Size : 114600
Lot Size (Acres) : 18
Cannabis or Hemp Use? : Hemp
Year Built : 1988
Sale Type : Cash, Financing

B+E is pleased to present the opportunity to acquire an industrial greenhouse property. Currently, the facility is used as a hemp farm, but this property is equipped to grow a variety of agriculture products, except marijuana due to zoning reasons. This asset features 100,000 SF of greenhouse space, which is comprised of +/- 20 grow houses and an 18-acre parcel. These high-end Nexus grow houses have humidity and climate control systems in place for turnkey operation. There are an additional +/- 20 acres that are being used by the current operator, Orchard Mesa Greenhouse, that can also be used by the new operator upon purchase. This potentially gives a new operator +/- 38 acres of land to work within Colorado’s agribusiness hub. Also available to the new operator is the option to purchase $700,000 of FF&E.

Highlights:

LOCATED IN COLORADO WINE COUNTRY

This greenhouse facility is located in Palisade, CO which is known as Colorado’s premier wine destination. An estimated 90% of Colorado’s grapes are grown in the Grand Valley. Palisade is recognized as one of the Top 10 wine destinations in the United States.

COLORADO’S PEACH CAPITAL

The Grand Valley is well known for its peach production because of the ideal growing climate. On average, peaches account for 75% of Colorado’s total fruit production.

TURN-KEY GREENHOUSE FACILITY

This greenhouse is fully equipped for growing agriculture products with +/- 20 grow rooms and +/- 18 acres of land. Additionally, new operators have the option to purchase $700,000 of FF&E to allow for an easy start-up. The new operators may also choose to continue to lease the additional +/-20 acres of land that are currently being used by orchard Mesa.

HIGH-END BUILDING FEATURES

This greenhouse facility is equipped with climate control systems, humidity control, and eco-friendly automated watering systems. High-end features include Nexus structures and +/- 14 gutter connected houses, which integrates modern agricultural technology and supporting equipment to create a productive and high yield growing system and maximum utilization of space.

COLORADO’S AGRIBUSINESS HUB

Palisade, CO is located in Colorado’s Grand Valley, which is home to +/- 51 agribusinesses focused on food processing & manufacturing, agricultural inputs, and livestock processing. These businesses employ over 500 residents and collectively achieved over $162M in revenue.

GREAT CLIMATE FOR GREENHOUSE OPERATIONS

Grand Junction often has milder weather than the rest of Colorado, providing a great climate for greenhouse or vineyard-based operations. Due to the climate and elevation of Palisade, agriculture businesses enjoy a +/- 6-month growing season.

8% PROJECTED ANNUAL INDUSTRY GROWTH

According to the Adroit Market Research, the greenhouse horticulture industry is expected to grow at a compounded annual growth rate of +/- 8% from 2020 to 2025. This growth rate would result in the global market size of greenhouse horticulture to grow to more than $41.8B.

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