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00 Little Morongo Rd - 8.49 Acres Partially Entitled Little Morongo 8 Acres of Industrial Land Offered at $950,100 CAD in Desert Hot Springs, CA 92240
Investment Highlights
- Located in an Opportunity Zone with tax incentives
- Located in an Opportunity Zone with tax incentives
- Projected lease income starts at $1.25/SF with 3% annual increases
- Projected ROI: 108% with 16% CAGR at a 7% exit cap rate
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $950,100 CAD | Lot Size | 8.00 AC |
| Price Per AC | $118,762.47 CAD |
| Price | $950,100 CAD |
| Price Per AC | $118,762.47 CAD |
| Lot Size | 8.00 AC |
The Desert Hot Springs Cannabis Cultivation Campus presents a developer-ready investment opportunity with fully entitled land in a cannabis-friendly zone. Entitled for up to 122,000 SF industrial property.
Description
Property Details - 8 acres of flat, cleared land - Zoned for cannabis cultivation, manufacturing, and distribution - 5 planned buildings totaling 122,000 SF - Buildings include dry rooms, trim rooms, and four flower rooms - Located on Little Morongo Rd, Desert Hot Springs, CA - Cultivation & Distribution entitlements in place - Parcel APNs: 665-080-006 & 665-080-008 - Utilities: Water and electric on-site - Will serve letter linked in the brochure
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $1,294,769 CAD | Total Assessment | $1,294,769 CAD |
Property Taxes
Presented by
00 Little Morongo Rd - 8.49 Acres Partially Entitled Little Morongo
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