Property Description

Listing #5134

Asking Price: $1,300,000

Strong Cannabis Tenant – State of the Art Facility

It takes time to develop a proper cultivation facility, and this is the perfect opportunity to buy one in the heart of San Diego. The facility encompasses a 12,400 sq ft building and includes 5 flower rooms 180 lights, 1 large veg room with genetics, trim room, and distribution. The facility has been operating since 2020 and has been updated with new equipment and fine tuned SOP’s over the years. Currently it is turning 5.2x times per annum with a great yields for each specific strain.

HIGHLIGHTS:

Business for Sale ($1,300,000)

• $2,400,000 Annual Gross
  • 5.2 Turns per annum (180 flower lights)
  • Nursery contracts for genetics
  • Currently Wholesale
  • RO Water system
  • 2% Gross Tax (City)

Rent

• 10 year Lease (End 2029) with one (10Y) Option
  • $33,500/m + $3,000 NNN

Due Diligence

• Full due diligence folder with information on property, business, photos and licenses will be provided to all qualified buyers.

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Miklos Campuzano – License# 02072292 – WeCann