Warehouse on 10 Acres

In Cannabis Overlay

coachella valley real estate
Warehouse on 10 Acres In Cannabis Overlay

Features

  • Two Buildings:
    • 13,200 s/f Building includes 9,800 s/f warehouse and 3,400 s/f office
    • Additional Office Building with 6 offices on a 2 acre Fenced Yard
  • 7,210 s/f covered Truck Shelter
  • Active Truck Scale
  • 2 additional utility buildings
  • Fully fenced yard, partially paved
  • In cannabis overlay zone
  • Approved CUP and state license for manufacturing and extraction
  • Stubbed out transformers in place for additional power

Asking Price: $4,500,000

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53-800 Polk Street, Coachella, California

coachella valley real estate
Warehouse on 10 Acres In Cannabis Overlay

SITE AMENITIES​

  • Zoning: M-H (Manufacturing Heavy)
  • General Plan: IL (Light Industrial)
  • Parcel Size / APN: 10 acres / 763-160-012
  • Water: 12” line on Polk and Ave 54
  • Sewer: 15” line on Polk and Ave 54, will serve letter for 1.5MW
  • Gas: 4” line on Polk and Ave 54
  • Power: Main Building: 800 Amps / 480 Volts (Building had 1600 amps, however one year ago owner converted to solar and downsized to 800. Utility company will
    verify ability to increase back to 1600 amps) Modular Building:200 Amp service
  • 23’ Clear Height
  • 5 Grade Level Truck Doors
ExpensesCost/Month
Taxes$654
IID Electric$400
Water & Sewer$500
Repair & Maintenance$1,500
Insurance$500
Trash$175
Labor (80 hrs/mo @$22)$1,760
Admin & Supplies$1,000
Gas Company$60
Total$7,703.month
 ($92,436/yr)
Net Income$159,984/yr
Cap Rate4%
Warehouse on 10 Acres In Cannabis Overlay
Warehouse Portion - total of 9,800 s/f with 3,400 s/f of additional single level offices, storage room and restrooms. 23’-24’ truss height and a total of 5 truck doors.
Warehouse on 10 Acres In Cannabis Overlay
Concrete platform/loading dock - Platform is 3,347 s/f and ranges from 2’ high to 3’ high. Platform is covered by large shade screen.

Tenant Rent/Month
Anthem $6,000
Crop Production Services $3,600
Baker, Inc. $2,900
Environmental Prot. App. $2,750
Utility Tree Service $1,400
Ecco (storage) $975
Growth Dynamics $900
Juan Rabago $750
Diversified Energy $500
Wayne Herling $500
Seraj Cabinet $230
Phantom $165
TNT (storage) $165
Rent Total $20,835/month
Utility Income $200
Total $21,035/mo.
($252,420/yr)

061520 JC

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.

palm desert commercial real estate

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

Contact our Team for more details

coachella valley real estate

Ranked #1 in the Coachella Valley
for Commercial Real Estate

commercial realtor

Susan Harvey, Owner
susan@dppllc.com
Mobile 760-250-8992
Office 760-360-8200
DRE License #00957590