10% Share of Operational Cultivation Business

CannaMLS ID: 8929
Save Listing

Price: $1,200,000


Listing Details


Listing Category
Cultivation
Manufacturing
Distribution

License Status
Conditional use permit granted
Municipal / local license granted
State / annual license granted

Medical
YES

Adult Use
YES

Price: $1,200,000

Listing Status: For Sale

10 acre property in Coachella, CA.  Full development agreement and existing cannabis license.  Current building is 19,000 sq ft with room and approval to add an additional four buildings and 160,000 sq ft.  Business is fully operating in double stacked 4,000 sq ft (8,000 ft of canopy plus veg room, dry room, clone room).  Operations began in late 2022.  We are selling interest in the business to fund buildout of an additional 11,000 sq ft (22,000 canopy) in the existing building.  With the full building operating, revenues are projected to be $8M annually, with net profits of about 45%.  Space also exists for a manufacturing operation, which has already been approved by the City of Coachella.  Business is an LLC, with associated distribution privileges.

Our business owns our property which is currently appraised at $11,000,000 (August 2022 appraisal).  Ownership share therefore includes ownership in the property as well as the business.  Several non-cannabis tenants occupy about 40% of the exterior property for storage and pay us $20,000 monthly for rent. 


Listing Details

Listing Status
For Sale

Location
Coachella, California 92236

Date Listed For Sale:
3/23/2023

Date Last Updated:
3/24/2023

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
19000 sq ft

Lot Size (acres)
0 acres

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$1,200,000

Seller Financing Available?
YES

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