Zoned for Cannabis – Cultivation, Manufacturing, and Distribution
Approved CUP – 18-022 for 14,921 SF Cannabis Cultivation, Manufacturing, and Distribution facility
Includes 3,586 SF Commercial Building currently leased to Trunks Bar
11-Tenant, Below Market Rates – $19,163 Monthly Rental Income
Provisional License and CUP included in sale of property
Asking Price: $3,395,000 ($184/SF)
Location: 36737 Cathedral Canyon Dr., Cathedral City. Property is located at the NWC of Cathedral Canyon Dr. and Commercial Rd. in Cathedral City.
Building 1: 14,902 SF
Building 2: 3,586 SF
Parcel Size: 1.12 AC Ceiling Height: 13’8” on Building 1
Land Use Zoning: IP – Industrial Park
Utilities: All utilities to site
Power: 3 Phase Power
Opportunity Zone: Yes
Fire Sprinklers: No
Year Built: 1975
Highest & Best Use: Canabis Cultivation, Leased Investment
Terms: Cash, 1st $1,925,000 @ 5.75% Due Feb. 2023
Directions: From I-10 traveling east exit Date Palm Drive. Travel approx. 3.2 miles. Turn right (west) on Dinah Shore Dr. Drive .5 miles and turn left (south) onto Cathedral Canyon Dr. Property will be on the right at the intersection of Commercial Rd.
Comments: Cannabis facility in the heart of Coachella Valley. This 11-tenant facility offers all possibilities. Property’s in-line industrial tenants are all on month-to-month, below-market leases.
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.
Kirk Cartozian email@example.com Mobile 562-852-1991 DRE License #01754478
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