Arvin Manufacturing & Cultivation Opportunity

Pricing Details

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

Property Details

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

Prime opportunity to get into the licensed cannabis cultivation and manufacturing industry at a below market price. City has already issued a zoning verification letter on this property verifying it is eligible for cannabis cultivation (indoor and mixed light), distribution, non-storefront retail (delivery), testing lab as well as both type 6 (non-volatile) and type 7 (volatile) manufacturing.

32,000sf Warehouse House and Cold Storage on 1.26 acres Zoned M2. Former USDA food processing facility with existing cold storage rooms, heavy air conditioning, high ceilings and heavy power (2500a 3 phase power at 480v). 20' ceiling height. City water to the property, sewer at the fence line. Also includes finished basement not included in assessed square footage. City of Arvin has adopted an ordinance allowing indoor medical marijuana cultivation, manufacturing and greenhouse cultivation as well (buyer to verify use and zoning). The majority of the properties in Arvin that are zoned appropriately for cannabis use are raw, vacant land, this is one of the few that has existing structures and is definitely the premier building in Arvin for the use.

This property is located in a "Federal Opportunity Zone" meaning that there are significant tax benefits for a buyer who purchases this property! Take a look at this link to find out more information on this new program
https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

City is currently negotiating development agreements with interested groups

Buyer or Tenant to conduct all necessary due diligence to verify the information contained herein.

 

Price: $3,750,000

Listing Status: For Sale

Details

Date Listed For Sale: 6/1/2018
License Type: Manufacturing, Cultivation

Arvin, California

Recreational: Yes
Medicinal: Yes

Listing Type

  • Grower/cultivator/producer
  • Manufacturer/processor/extraction

Terms And Options

May be leased as well between $1-1.50 / ft NNN