Property Description
Listing #5021-1
SOLD – Industrial Building in Cathedral City – 7,680 SF
Total Acquisition Value: $1,995,000
Cathedral City, CA 92234
Sale Details:
Status: Closed
M&A: No
Deal Type: Real Estate Sale
Sale Method: Online Auction
Property Type: Industrial (R&D / Manufacturing)
Building sqft: 7,680
Lot Size: 0.48 Acres
Final Sale Price: $1,900,000
Buyer Marketing Fee (5%): $95,000
Total Acquisition Value: $1,995,000
Price per Building SF: $247.40 (sale price) / $259.77 (total acquisition)
Days to Close: 45
Approximate Closing Date: 03/13/2026
Buyer’s Intended Use: Cannabis Cultivation
Represented: Seller
Listing Agents: Jason Piazza and Ryan Dowse
Listing Details:
68350 Commercial Road is a 7,680 SF stand-alone industrial building on approximately 0.48 acres in Cathedral City’s established business-industrial corridor. Zoned CBP-2 (Commercial Business Park District), the property supports a broad range of commercial, service, and light-industrial uses, including licensed cannabis cultivation, manufacturing, distribution, and testing.
WeCann marketed the vacant property through a non-contingent online auction with a $250,000 starting bid. The property sold for $1,900,000 plus a 5% buyer marketing fee, for a total acquisition value of $1,995,000, and closed in 45 days. The buyer acquired the building for cannabis cultivation, following Cathedral City’s lifting of its cannabis moratorium.
At $247.40 per building SF, the sale closed approximately 6% above the adjacent property’s $233/SF sale, reflecting the building’s heavy power, 16-ft clear height, functional layout, and limited deferred maintenance.
Real Estate Highlights:
- 7,680 SF stand-alone building on a 0.48-acre lot
- 2,000 amp, 3-phase power (208V/120V) suited for cultivation and other power-intensive uses
- 16-ft clear height, one loading dock, and 15 parking spaces
- Gated, secure rear yard
- Convenient access to the I-10 corridor and Palm Springs International Airport
Transaction Highlights:
- Sold at auction for $1,900,000 against a $250,000 starting bid
- $247.40/SF, approximately 6% above the adjacent sale at $233/SF
- Non-contingent sale closed in 45 days
- Acquired by a cannabis operator for cultivation following the end of Cathedral City’s moratorium
Property Details
| Property Type | Industrial |
| Sub Type | R&D, Manufacturing |
| Tenancy at Sale | Vacant |
| Building Size | 7,680 SF |
| Lot Size | 0.48 Acres (approx. 20,909 SF) |
| Year Built | 1988 |
| Zoning | CBP-2 (Commercial Business Park District) |
| Power | 2,000 Amps, 3-Phase (208V/120V) |
| Clear Height | 16 ft |
| Loading Dock | 1 |
| Parking | 15 Spaces |
| APN | 687-312-018 |
Jason Piazza – License# 01405965 – WeCann
Ryan Dowse – License# 02074994- WeCann