Posted on October 6, 2022 / 164Listing ID: 466906APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $7,400,000
Cannabis or Hemp Use Allowed? : Cannabis
Current Cannabis Business License? : Yes
License Type : Recreational
Sale Type : Cash, Joint Venture
Company Name : David Lyng Real Estate
Phone : 831-295-5130

Opportunity to purchase the land, improvements, and the operating business entity for fully vertically integrated cannabis campus. Located on a picturesque 82+ Acre Estate on the Central California Coast. Complete local approvals and cultivation operational for the past 2 years. 

 

Selling entire 82-acre parcel and clean operating entity, which holds multiple cannabis permits and licenses, for $7.4M.  Licenses can be purchased separately for $1.2M

The Property -Rare 82-acre commercial property zoned AG located in San Luis Obispo County. Includes 4,400 sq. ft. luxury villa residence and fully competed 3,200 sf commercial building with F1 manufacturing occupancy, licensed for multiple cannabis operations. A commercial appraisal done in 2022 valued the property at $6.2M, without the business operation and licenses. 

The Business– New California C corporation with no baggage. The business includes 3 acres of cultivation and 3,200 sf commercial building licensed for nursery, processing, manufacturing, distribution, and retail dispensary.

3 Acres Cultivation: 130,000+ sf -13 licenses. (78,000 sf existing hoop houses and 52,000 sf outdoor).

Nursery: 1000’ sf indoor nursery license 

Retail Dispensary: Non-Storefront Retail License (delivery only) 

Manufacturing: Type 6 (Non-volatile Manufacturing) License 

Processing: Dry, cure, trim, package, label License 

Distribution: Type 13 Transport-only License 

Very desirable Central Coast location directly between San Francisco and Los Angeles on off the 101-freeway making the company well-positioned to supply across California. Our long growing season and unique microclimate makes this location ideal for cannabis cultivation.

Phase II Commercial Improvements and Approvals Included – Roads, grading, fire hydrants/fire suppression systems, building pad, compaction and drainage completed and signed off for the next phase of project, which includes pre-approved entitlements to 22,000 sf cannabis bloom and 23,000 sf cannabis nursery greenhouses. Approval also allows for 15,000 sf of processing/maintenance buildings and 80,000 sf of solar array. Seller has done a great amount of work over the past several years as evidenced by the permits, licenses, entitlements, and improvement listed above.

 

Seller is open to discuss potential JV partnership to handle the cannabis operations and is open to discuss ownership percentages of the business and the land to create a win-win scenario for all parties.  

Secondary Potential for an uncertain world, the property has been developed with key components of a sustainable and secure C-level / family compound sanctuary. Off grid living components, sustainable agriculture components, permaculture garden, fruit trees, animal areas, large water storage capacity, large fuel reserves, backup power generation, abundant wildlife, fire suppression systems and high ground security. A second large residence with eco suites has been fully entitled and designed.

Business & License also available as separate purchase, see : https://www.420property.com/listing/licenses-business-for-sale/

Contact Listing Owner
Cannabis & Hemp Banking
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