Azteca Cannabis Cultivation Facility — Sale in Cathedral City, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Cathedral City, CA 92234
  • Year built: 1965

Investment Figures

Cap rate
4.68%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap Real Estate Services is pleased to present the exclusive listing for a 15,500 square foot retail/industrial property located at 34212 Date Palm Drive, Cathedral City, CA, 92234. The property is sited on two levels: the ground level, with twelve-foot ceilings, and a below-grade level with ceilings over twelve feet high. The building is of masonry construction and features a loading area located within a gated secure drive access. The site was previously a retail furniture business, and has been remodeled into a cultivation facility following the plans of an experienced and respected designer/architect. Plumbing, electrical, and HVAC are in excellent working order, most of which was replaced in 2019. The electrical service to the property is completely rebuilt with a total of 5400 amps. The property offers 12,000 SF of cultivation space (9,000 flowering canopy space, 3,000 vegetative flowering space) with climate control, fans, 160 grow lights, and water resources. Projected yearly cannabis yield, 1,600 lbs plus 800 lbs by-product production. Equipment (not a complete list): • Cannabis grow tables, “Active Aqua” mix of 4’x4’. and 4'x8'. • Cannabis drying racks. • Lennox 5-ton multi speed commercial air handler, multi-position (M/N CBX32M-060-460-6-06). • Wall fans “Comfort Zone”. The facility and its location offer a number of potential additional uses in the future: • Lab • Delivery (retailer, non-storefront) • Dispensary • Training Facility • Processing & Manufacturing The ideal buyer will have experience in bringing licenses current and completing interior improvements. A creative offer may include leasing, or joint venture terms. The successful acquirer will have several options: • Buy the property and equipment, and continue in operation. • Lease the space. A creative offer, considering realistic market dynamics, progressive rents or percentage rents, are not off the table. • Joint venture with the current owners/operators. Investment Hig

Market Context

This industrial in Cathedral City, CA is listed for sale. It is offered at an approximate 4.7% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1965. It has been on the market for 99 days. Compare it against other industrial listings for sale in Cathedral City, CA — view the full market.

Contact

Explore this market

Similar Industrial Property for Sale in Cathedral City, CA