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TURNKEY CANNABIS BUSINESSES FOR SALE

$3,999,900
4 Beds 2 Baths OC24176483 MLS Active Status
Great lease option to purchase available, owner has previous record of local approval for Cannabis Cultivation. Please call for details. This property was recently appraised at a much higher valuation and is listed at close to 25% discount to the Current Market Value. The report is available on request. This Prime property is 24.02 acres of agricultural land in Moorpark, CA, approx. 20 miles from Chatsworth, L.A. County, 115,000 sq ft of Greenhouses fully permitted, 3,000 sq ft of hoop houses, 8,100 sq ft of shade structure, and a 3,000 sq ft metal barn/warehouse. Private well (570 GPM), and County Ag water as backup. Electricity is 480 v 3 phase 400-amp power, fully upgradeable to 4000 amp. Radiant floor heat with natural gas to the greenhouses. There is a charming 4 bed, 2 bath, 1762 sq ft house with a large 950 sq ft of patio, and carport for 2 cars. Solar power to greenhouses, the warehouse, and the house. This is a great site to build your dream home with 360-degree views that can overlook your greenhouse nursery business. This facility meets the zoning requirement for the Ventura County Pilot Cannabis Cultivation Program (Measure O). The property currently has an active wholesale indoor foliage nursery. Additionally, there are more than 20 different varieties of fruit trees and fragrant plants used for nursery propagation and personal consumption. Fruit Tree List: Avocado (Haas), Yuzu, Strawberry Guava, Pineapple Guava, Taiwanese guava, Pomegranate, Fig, Loquat, Kumquat, Asian pear, Donut Peach, Lemon, Lime (3 varieties), Persimmon, Longan, Lychee, Wax apple (Syzygium), Nectarine, Blood Orange, Apple, Apricot, and 3 varieties of Plum Fragrant Plant List: 4 varieties of Plumeria, Michilia Alba, Magnolia Champaca (yellow Jade), Osmanthus, Aglaia, Chinese Pepper tree.

12120 Stockton Road, Moorpark

$5,500,000
SR24146341 MLS Active Status
We are proud to present The Bank, located at 296 S. Palm Canyon Drive and encompassing 16,200± square feet of beautifully appointed single-tenant retail in a 2-story building and currently 100% occupied by Four Twenty The Bank. Attractive Seller financing offered of 75% LTV & 5.0% interest only. The property is situated on 20,038± square feet of land in the city of Palm Springs, California, and was originally constructed in 1973 and recently extensively rehabbed with over $2 Million in capital improvements invested in property upgrades. These updates include replacement of all major systems, installation of fire protection system and both interior and exterior sprinklers just to name a few, and 100% interior remodel just to name a few. 296 Palm Canyon Drive is currently leased to Four Twenty The Bank one of the largest cannabis dispensaries in all of California. When entering the space, you first are greeted by an informal lobby that welcomes you into the impressive open floor plan. Immediately upon entering the space, you can’t help but notice the cathedral ceilings, exposing the architecturally designed rafters which are highlighted by the natural light of the skylights above, truly a site to see. In addition to the common area, the space offers 2 executive offices, and restrooms at either end, including additional storage room, as well as the original bank vault, which the tenant elected to keep and repurpose as a gaming room for customers. The upstairs, which can be accessed by either the stairs or elevator, has been completely reimaged and operates as create space for the tenant and their employees, which includes a large breakroom with a full kitchen, dedicated space for their operator's podcasting, several large lounges and gaming rooms as well as additional executive offices with access to the outdoor patios. The tenant is on a NNN lease with a monthly contract rent of $25,000 per month ($1.54/SF) which is substantially below the current market rate for the area. The lease calls for annual rent increases and provides (3) 3-year options to extend, with built-in escalations in rent. There is currently a temporary arrangement in place for a lesser rent to be paid. In addition, the property offers 45 reserved parking spaces in the adjoining city parking structure and per an agreement with the city and owner, there is the ability to acquire additional parking spaces as a nominal one-time cost.

296 S Palm Canyon Drive, Palm Springs

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.