18,488 SF - 2 INDUSTRIAL BUILDINGS

WITH APPROVED CANNABIS CUP

36737 Cathedral Canyon Dr, Cathedral City

Features

  • 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)

COACHELLA VALLEY

Vicinity Map

Site Amenities

  • Location: 36737 Cathedral Canyon Dr., Cathedral City. Property is located at the NWC of Cathedral Canyon Dr. and Commercial Rd. in Cathedral City.
  • Building Size:
    • Building 1: 14,902 SF
    • Building 2: 3,586 SF
    • Total: 18,488
  • Parcel Size: 1.12 AC Ceiling Height: 13’8” on Building 1
  • Land Use Zoning: IP – Industrial Park
  • APN: 687-081-006
  • 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.

Site Plans

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Kirk Cartozian
kirk@cartozianinc.com
Mobile 562-852-1991
DRE License #01754478

Contact our Team for more details

Ranked #1 in the Coachella Valley
for Commercial Real Estate

Paula Turner, Broker
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE #00702492