
Listing ID : 422314
Posted on July 4, 2022 40
80 acres of green zone land, including a 37,350 sq ft mixed light operating Greenhouse, with eight flower rooms and one veg room. There is 22,000 sq ft of flower canopy and 560 HPS lights with an estimated annual production of 9,000 pounds of flower. Gross revenue for the operating greenhouse is projected at $8.0 million for 2023 based on current flower prices and net revenue is expected to be approximately 50% of gross revenue. A 37,350 sq ft indoor facility is under construction and expected to be operational in June 2024, with the expectation that revenue will exceed the operating Greenhouse revenue, due to higher flower prices for indoor product. There are an additional 30 CUPs for Greenhouses on the 80 acre parcel. The local cannabis tax rate is $5 per sq ft of canopy for Greenhouse and $7 per sq ft for indoor. The facility is about an hour and a half from Downtown Los Angeles. Seller Financing available for part of the purchase price, with a secured note that amortizes monthly. Seller has a low cost of operation and can price competitively in the current soft market environment. The operating Greenhouse has 600 amps of power from a Cogen Generator, using diesel fuel stored in an above ground tank. Power can be easily increased. The Indoor Cultivation Facility under construction will also utilize a Cogen Generator. In addition, the property is awaiting a will serve letter from SoCal Edison. City Water and Sewer. 560 HPS lights, moveable racks, automated irrigation and nutrition system and robust A/C systems and humidifiers. 8 Employees. Large parking lot that accommodates staff and large trucks. Close to a major Freeway. Opportunity to expand production of flower to over 30,000 pounds per year. Seller has a low cost of operation and can price competitively in the current soft market environment. NDA and POF required.
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