Desert Pacific Properties Logo

ROSEWOOD INDUSTRIAL PARK
17,945 SF to 68,180 SF BUILDINGS FOR LEASE, LEASE OPTION, & FOR SALE

Rosewood Cannabis Properties Main Image
16810 LITTLE MORONGO RD, DESERT HOT SPRINGS, CA

FEATURES

  • (3) 17,945 SF and (2) 34,090 SF Free Standing Shell Buildings
  • Brand New Tilt-Up Construction
  • Excellent Investment Opportunity
  • Each Building is Designed for 2 Units
  • Single Story – 30 ft High with Cost Efficient Option to Build 2nd Story
  • 4,000-8,000 AMP / 480 Volt / 3-Phase
  • POA includes 24-hr Security
  • Cannabis Friendly City with No Manufacturing Tax
  • Agriculture Rates from SoCal Edison for Cultivation
  • Reserve your Building Today, Phase 1 Spring 2023
  • 8% Financing Available

Asking Price: Single Story From $5,383,500 ($300/SF)
                                 Two Story From $7,536,900 ($210/SF)

Lease Rate: From $35,711/mo ($1.99/SF) NNN

VICINITY MAP

Rosewood Cannabis Properties Site Plan

Rosewood is a modern state of the art 37 AC master planned Cannabis Business Park located in the light industrial district of the City of Desert Hot Springs, CA. At full build-out it will feature more than 1,000,000 SF of cannabis cultivation, manufacturing, processing, laboratory testing, distribution and non-store front delivery. Phase 1 has an approved Conditional Use Permit (CUP 21-3) for 157,900 SF, which meets all requirements for CA state cannabis business licensing. Being the first city in the State of California to allow recreational cannabis operations, Desert Hot Springs is one of the most Cannabis Business Friendly environments in California. The city has recently reduced their cultivation tax and have also eliminated city manufacturing tax.

In the Rosewood Cannabis Park, Phase 1 consists of a total of seven free standing tilt-up construction buildings: five 17,945 SF and two 34,090 SF single story buildings with option to build second story. Phases 2, 3 and 4 will each consist of a total of seven free standing tilt-up construction buildings: five 17,945 SF and two 34,090 SF single story buildings with option to build second story.

Amenities

  • Highest and Best Use: Cannabis Cultivation, Manufacturing and Distribution
  • POA: $.20 per SF estimate which includes 24/7 Security with Hi-Tec Commercial Surveillance Integration
  • APN: 665-110-004
  • Zoning: I-L (Light Industrial, allows Cannabis Cultivation, Manufacturing and
    Distribution and Non-Store Front Delivery)
  • Utilities:
    Electric: Southern Cal Edison
    Power – 4,000 AMP/ 480 Volt/ 3-Phase for 17,945 SF – 35,890 SF Buildings
    8,000 AMP / 480 Volt / 3-Phase for 34,090 SF – 68,180 SF Buildings
    Gas: SoCalGas
    Water: Coachella Valley Water District
    Sewer: On Site Sewer Treatment Plant
  • Parking Ratio / Spaces: 1 space – 675 SF (calculated based on single story) Total spaces 234 spaces
  • Amenities:
    Gated with 24/7 Security
    Outdoor Community Seating

Building Includes

  • Cold Shell
  •  Single Story – Min. 30’ Clear Ceiling
    Height – Clear ceiling height averages between 13.5’ to 14’ per floor.
  •  Two Story Option
  •  HVAC and Solar Allowed on Roof
  •  Fire Sprinklers
  •  Private Secured Equipment Yard
  •  Personal Trash Enclosures
  •  Modern Design and Finishes
  •  2 Entrance Doors
  •  2 Side Doors
  •  2 12’ Ground Level Roll Up Doors
  •  Column Spacing:
    17,945 SF building, 50’ by 60’
    34,090 SF building, 42’-6” to 50’ by 60’
  •  Supporting Heavy Roof Load

For Sale

Building # SF Single Story Pricing Two Story Option Wall Options Two Story Pricing Building Dimensions Power
3,4,5 17,945 SF – 35,890 SF $5,383,500* ($300 SF) $2,153,400* ($120/SF) 2 units per building $7,536,900 ($210/SF) 120’ x 150’ 4,000 AMP 480 v 3 phase
6 34,090 SF – 68,180 SF $10,227,000* ($300 SF) $4,090,800* ($120/SF) 2 units per building $14,317,800 ($210/SF) 285’ x 185’ 8,000 AMP 480 v 3 phase

For Sale

Building #SFSingle
Story Pricing
Two Story OptionWall OptionsTwo Story PricingBuilding DimensionsPower
3,4,517,945 SF – 35,890 SF$5,383,500* ($300 SF)$2,153,400* ($120/SF)2 units per building$7,536,900 ($210/SF)120’ x 150’4,000 AMP 480 v 3 phase
634,090 SF – 68,180 SF$10,227,000* ($300 SF)$4,090,800* ($120/SF)2 units per building$14,317,800 ($210/SF)285’ x 185’8,000 AMP 480 v 3 phase

For Lease

Building # SF Pricing Building Dimensions Power Additional Terms
3,4,5 17,945 SF – 35,890 SF FROM $35,710 – $71,421/mo NNN ($1.99/SF) 120’ x 150’ 4,000 AMP 480 v 3 phase 6 Months Half Rent ($0.99/SF)
6 34,090 SF – 68,180 SF FROM $67,839 – $135,678/mo NNN ($1.99/SF) 285’ x 185’ 8,000 AMP 480 v 3 phase 6 Months Half Rent ($0.99/SF)

For Lease

Building # SF Pricing Building Dimensions Power Additional Terms
3,4,5 17,945 SF – 35,890 SF FROM $35,710 – $71,421/mo NNN ($1.99/SF) 120’ x 150’ 4,000 AMP 480 v 3 phase 6 Months Half Rent ($0.99/SF)
6 34,090 SF – 68,180 SF FROM $67,839 – $135,678/mo NNN ($1.99/SF) 285’ x 185’ 8,000 AMP 480 v 3 phase 6 Months Half Rent ($0.99/SF)

Second Floor option

The building height of 40 feet allows you to double your square footage by adding a second story. Clear Height for each floor averages between 13.5’ to 14’ per floor.

Rosewood Cannabis Properties Second Floor Option Web

Cannabis Compliance

  • Meets all state and local requirements for cannabis cultivation, manufacturing, distribution, and testing.
  • The property is approved for cannabis in the City of Desert Hot Springs.
  • The City of Desert Hot Springs does NOT have a cannabis manufacturing tax.
  • Approved CUP 21-3

Investment Opportunity

Desert Pacific Properties has qualified tenants if you choose to lease your investment property.

Potential CAP Rate of over 11%!

Purchase Price:                                                               $7,536,900
Annual Lease Income ($1.99/SF NNN):                    $857,053
CAP Rate:                                                                                       9.5%

Terms
3% Due to open escrow
10% Due when foundation is complete
Balance due at close of escrow

Desert Pacific Properties has qualified tenants if you choose to lease your investment property. Potential CAP Rate of over 11%! Purchase Price:                                        $7,536,900 Annual Lease Income ($1.99/SF NNN):                          $857,053 CAP Rate:                                                                9.5% Terms 3% Due to open escrow 10% Due when foundation is complete Balance due at close of escrow
Rosewood Cannabis Properties Cannabis Corridor

Location: 16786 Little Morongo – This property is located at the North East Corner of Dillon Road and Little Morongo just 2.5 miles from I-10 in the City of Desert Hot Springs, and 100 miles from Los Angeles .

Directions: From I-10 traveling east exit Indian Canyon Drive and take a left (north). Travel 1 1/4 miles to Dillon Rd., turn right (east) on Dillon Rd. Travel 1 mile to Little Morongo Road, property on corner.

For more information visit:  RosewoodCannabisPark.com

Attatchments
Disclaimer

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 06/28/22 JC

Contact
Paula Turner profile photo

Paula Turner, Broker
[email protected]
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492

Desert Pacific Properties Logo

Ranked #1 in the Coachella Valley for Commercial Real Estate

Rebecca profile photo

Rebecca Ramirez, Sales Agent
[email protected]
Mobile 760-333-7170
Office 760-360-8200
DRE License #02050799