OWNER-USER ACQUISITION OPPORTUNITY POTENTIAL CANNABIS FACILITY

Pricing Details

Full Buy Out Price:
$0
Buy In Price:
$0
Ownership Percentage:
0 %

Property Details

Property Attached:
No
Property Is Movable:
No
Property Is Included:
No
Has Buy-in Option:
No
Is Built Out:
No
Has Room For Expansion:
Yes
Operations Are Needed:
Yes

*creative finance and terms available to qualified entities 

Mike Knudsen (the "Listing Broker") is pleased to exclusively offer for sale a prime ±34,655 square foot former date packing plant situated on a ±11.42-acre parcel located at 82-291 Avenue 61 in Thermal, California within unincorporated Riverside County (the "Offering"). Strategically positioned in the heart of an Opportunity Zone within the Coachella Valley, one of California's most rapidly growing cannabis hubs, the Offering
features existing improvement infrastructure that is ideal for the development of a state and local licensed, vertically integrated cannabis facility, with large-scale operations including but not limited to cultivation, extraction, processing, manufacturing, branding, packaging and wholesale distribution of cannabis products throughout the state.

Existing propane and natural gas infrastructure for future cogeneration power expansion Located in Imperial Irrigation District, offering prospective purchaser lower electrical rates due to existing renewable energy subsidies Existing improvements ideal for variety of cannabis-related uses, including ±18,788 SF of industrial space, ±2,024 SF of office space, 240-480V, 3-Phase power capacity, ±10,000 SF of insulated cold
storage space, commercial-grade agricultural drying rooms, and extensive plumbing and water irrigation systems


Property Address:  82-291 Avenue 61, Thermal, CA 92274
Offering Price: 4.8MM
Cannabis Licensing Status: Eligible Per Zoning
Market: Inland Empire
Submarket: Coachella Valley
Parcel Area: ±497,455 SF (±11.42 AC)
Total Improvements Size: ±34,655 SF
APN: 63-023-074
Zoning: A-1-10
Parking: 20 Surface Spaces (Potentially Expandable)
Cross Streets: Ave. 61 & Monroe St. Freeway Access: I-10 ±9.1 mi North via Monroe St.
Power: 240-480V 3-Phase

Site Description:
Subsidized Electrical Rate, Climate
Controlled Storage Rooms with
19’8" Clear Height, Propane,
Natural Gas, Water Irrigation,
Drying Rooms, Furnished Office,
Income-Producing Date Trees
Income-Producing
Date Trees (±6.5 Acres)
Climate-Controlled  Insulated Storage Room (±5,000 SF)
Steam Room (±1,542 SF)
Fumigation Room (±1,400 SF)
Drying Rooms (±2,955 SF)
Industrial Facility (±18,788 SF)
±6.5 acres of agricultural farmland that can be used for future facility expansion Located in one of Riverside County's Qualified Opportunity Zones,
offering prospective purchaser significant potential tax incentives

Price: $4,800,000

Listing Status: For Sale

Details

Date Listed For Sale:
License Type:

Thermal, California

Recreational: No
Medicinal: No

Listing Type

  • Grower/cultivator/producer
  • Manufacturer/processor/extraction
  • Distribution
  • Delivery
  • Real Estate