CannaMLS ID: 3006
Created | Updated
Price
$ 10,227,000
• $210 per s/f with 2nd Floor Option totaling 68,180 s/f • Financing Available as low as 6% • Divisible into 2 units • Great Investment with Potential Cap
Address: 16786 Little Morongo Road
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Mixed use
Building size (sq ft): 34,900
• $210 per s/f with 2nd Floor Option totaling 68,180 s/f
• Financing Available as low as 6%
• Divisible into 2 units
• Great Investment with Potential Cap Rate of over 14%
• Brand New Tilt-Up Construction
• Single Story – 40 ft. High with Cost Efficient Option to Build 2nd Story
• 8,000 AMP / 480 Volt / 3-Phase
• POA includes 24-hr Security
• Cannabis Friendly City with No Manufacturing Tax
• Agriculture Rates from SoCal Edison for Cultivation
• Reserve your Building Today, Phase 1 Winter 2022
• (3) 17,945 SF with second floor option (35,890 sf) also available
Rosewood is a modern state of the art 37 AC master planned Cannabis Business Park located in the light industrial district of the City of Desert Hot Springs, CA. At full build-out it will feature more than 1,000,000 SF of cannabis cultivation, manufacturing, processing, laboratory testing, distribution and non-store front delivery. Phase 1 has an approved Conditional Use Permit (CUP 21-3) for 157,900 SF, which meets all requirements for CA state cannabis business licensing.
Being the first city in the State of California to allow recreational cannabis operations, Desert Hot Springs is one of the most Cannabis Business Friendly environments in California. The city has recently reduced their cultivation tax and have also eliminated city manufacturing tax.
In the Rosewood Cannabis Park, Phase 1 consists of a total of seven free standing tilt-up construction buildings: five 17,945 SF and two 34,090 SF. Phases 2, 3 and 4 will each consist of a total of seven free standing tilt-up construction buildings: five 17,945 SF and two 34,090 SF.
Address: 16786 Little Morongo Road
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Mixed use
Building size (sq ft): 34,900