136
Price : $3,750,000
Status : ACTIVE
Size : 39275
Lot Size (Acres) : 2.03
Power (AMPS) : 1600
Medical or Recreational : Recreational, Medical, Both
City Tax Rate : $6 Per SF Cultivation
Year Built : 2011
Sale Type : Cash, Owner Financing
Utilities : Water, Electricity, Gas, Sewer

This quality steel frame building is 27,360 SF and situated on a large 2.03 Acre lot. The building has 30′ high ceiling clearance and has 39,275 SF of total usable building area with well-maintained office and mezzanine space. Preliminary work has been completed to build an additional 40,000 SF 2-story building on the site, pending an expected reclassification of M-2 light manufacturing from heavy industrial to light industrial per the city of Arvin development plan. Take advantage of this outstanding opportunity to purchase an entitled cannabis Cultivation, Distribution and Non-Storefront Retail Delivery facility in an underserved market with lower taxes than California City!

Rosano Partners is pleased to present this opportunity to purchase a large industrial building with the entitlements for cannabis business licensing and future expansion. This property gives your business access to the Bakersfield market and low local tax rates making this real estate ideal for a processing and distribution hub. This deal includes plans for future expansion and all the entitlement work done by ownership to get this facility as close as possible to the finish line for local approvals. 

Custom construction and operating plans are available for qualified parties. In addition, the city is also accepting applications both volatile and non-volatile manufacturing.

TAX STRUCTURE IN ARVIN:
Nursery/Cultivation $6 per square foot under a canopy with 100% artificial light $4 per square foot under a canopy with mixed light
Testing – 2% of gross receipts
Manufacturing – 6% of gross receipts for the first $750,000 3.75% for revenues over $750,000 up to $2.5m 2.80% for revs over $2.5m
Distribution – 2% of gross receipts Non-Storefront Retail (Delivery) 3.75% of gross receipts.

The City of Arvin is a progressive municipality that welcomes cannabis businesses and is one of the only cities to allow commercial cannabis use in Kern County. Arvin is 21 miles away from Bakersfield and is the only nearby municipality that allows for commercial cannabis uses. A delivery operation from Arvin will have the ability to serve Bakersfield, which has a population of over 380,000 and no legal access to cannabis. The city of Bakersfield has a ban on commercial uses and actively shuts down illegal operations. Cannabis businesses in Arvin will have a huge pool of customers in an underserved market just a 20-minute drive away. Not only are the cannabis taxes in Arvin good, but this property is located in a federal “opportunity zone” which provides significant tax benefits to owners who plan to hold onto the building for 5+ years before selling it. Arvin has a reputation in the Cannabis Industry for being a progressive city and they have has one of the lowest tax rates in the entire state. Arvin is one of the few cities in California that allow your business to get up and running on a reasonable timeline.

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