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37,000 SF Mixed Light Cannabis Facility for Sale

$3,500,000

13310 Little Morongo Road, Desert Hot Springs, CA 92240

Active
Last Updated: 09/24/2024

15.68

Cap Rate

37,000 sqft

Building Size

Details:
Cap Rate:    15.68%
Building Size:    37,000 sqft
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2018
Price Per Sqft:    $94.60
Zoning:    I-L Light Industrial
Tenancy:    Single
Floors:    1
Highlights:
  • Single Tenant NNN Leased Investment Building
  • Located in Morongo Business Park
  • 10,000 SF Headhouse
  • 27,000 SF Mixed Light Greenhouse
  • POA includes 24-hr Security
  • Cannabis Friendly City
  • No City Manufacturing Tax in Desert Hot Springs
  • Located in the Opportunity Zone
  • Reduced From: $5,000,000 ($135/SF)
Description:

Morongo Business Park is a master plan Cannabis Business Park located in the light industrial City of Desert Hot Springs, CA. At full buildout it will feature over 200,000 SF of cannabis cultivation, manufacturing, processing, distribution and non-storefront delivery.


Headhouse (10,025 SF) Includes:
3 Offices with Security and a Conference Room.
2 Drying Rooms: 1 room is converted to a finished goods testing and storage, can easily be converted to a trim room.
Extraction Lab: Currently used for production. 2 Fume hoods Genie Sci.
Water/Feeding Storage Room: Intact
Packaging and Trim Room: Can trim in dry room in between harvest.
Other: Available for negotiations: 20 head action pac, scale and mezzanine.


Greenhouse (26,975 SF):
Conley’s Gable Series 7500LD
Each 5,395 SF Greenhouse 41 1/2 ft x 130 ft Section Includes:
Height: 14 ft Under Gutter
Mechanical Ventilation: 4 exhaust Fans, 1 Upper Gable Exhaust Fan with 10 additional exhaust fans
Heat: 2 Modine propane fired unit heater
Evaporative Cooling System with Automated Roll Up Curtain
Retractable Shade System with control panel
Light Deprivation System: flatinternal retractable blackout system
Sidewall/End Wall: Corrugated steel below gutter, Polycarbonate above gutter
Roof: A Frame Corrugated Polycarbonate (solar soft) outside UV treated to allow maximum light diffusion
Other: Guardian PH and EC measurements.


Cultivation Equipment - Negotiable
Grow Lights: 1000W double ended, garden is set up for 545 lights including veg.
Fixed Tables: Supports flower grow space of 27K with 2.4K mom and veg plus 10K canopy.
Security Cameras: 2 servers, 84 exterior and interior cameras, 100% coverage, police access. Meets states and local guidelines.
CO2: N/A | Not practical for greenhouse operations, too much continuous air flow.
Fertigation System: 1X5K, 1x3K, 2x1.3K storage tanks, new R/O system, dosatron injectors, smart B Controls.

Map:
Documents:
Title
Property Video
DHS_-_13310_LMR_Units_201-206_Investment_Brochure.pdf
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Location
Gallery