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Coachella Campus 84829 Avenue 48 108,229 SF 100% Leased Industrial Building Coachella, CA 92236 $41,856,000 CAD ($386.74 CAD/SF) 9.32% Cap Rate
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- MUST SELL Submit All Offers
- Over 100,000 Square Feet Of State-Of-The-Art Facilities, That Meet The Needs of The Cannabis Industry
- Lease Rates $2.50 to $3.00/SF/Mo NNN | Tenants Are Experienced Cannabis Operators Under Long-Term Leases
- High-Performing NNN Multi-Tenant Leased Investment
- Nine Freestanding Industrial Buildings 90% Complete | Fully Secured Cannabis Campus
- Annual NOI - Over $3,400,000 At Full Build-Out | 2027 Projected CAP Rate - 9.32%
EXECUTIVE SUMMARY
Desert Pacific Properties is pleased to present the Coachella Campus, a distressed investment property offered through a court-ordered bankruptcy sale. Located at 84829–84849 Avenue 48 in Coachella, CA, this multi-tenant cannabis industrial park features nine freestanding buildings totaling ±108,229 SF on six acres. Purpose-built with state-of-the-art cannabis cultivation, processing, and distribution facilities, the property is 90% complete and ready for immediate value creation.
Four buildings are fully operational and generating cash flow at market rents. Two operate with deferred rent pending the certificate of occupancy for Building 3, 99% complete. The remaining two are in advanced construction stages, needing an estimated $6.6M to finish. Once stabilized, the asset is projected to generate over $3.4M in annual NOI, delivering a pro forma 9.32% cap rate by 2027. Lease rates range from $2.50–$3.00/SF NNN, with licensed tenants under long-term NNN leases, including renewal options and rent escalations.
The asking price is reduced to $30,000,000 ($277/SF), a significant discount from $40,000,000 and well below replacement cost. Strategically located in the Inland Empire’s Eastern Riverside County, Coachella Valley, the “Napa Valley of cannatourism” the site offers cannabis-friendly zoning, secured entitlements, strong tenant demand, and a thriving regional ecosystem.
With motivated sellers and a court deadline in place, submit all offers.
Four buildings are fully operational and generating cash flow at market rents. Two operate with deferred rent pending the certificate of occupancy for Building 3, 99% complete. The remaining two are in advanced construction stages, needing an estimated $6.6M to finish. Once stabilized, the asset is projected to generate over $3.4M in annual NOI, delivering a pro forma 9.32% cap rate by 2027. Lease rates range from $2.50–$3.00/SF NNN, with licensed tenants under long-term NNN leases, including renewal options and rent escalations.
The asking price is reduced to $30,000,000 ($277/SF), a significant discount from $40,000,000 and well below replacement cost. Strategically located in the Inland Empire’s Eastern Riverside County, Coachella Valley, the “Napa Valley of cannatourism” the site offers cannabis-friendly zoning, secured entitlements, strong tenant demand, and a thriving regional ecosystem.
With motivated sellers and a court deadline in place, submit all offers.
MATTERPORT 3D TOURS
Explore Building 84829
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SALE FLYER
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Floor Drains
- Security System
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Building 1
- -
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
- Building 2
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
- Building 3
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
- Building 4 (Suite A)
- -
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
- Building 4 (Suites B-1 & B-2)
- -
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
- Building 5
- -
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
- Building 6 & 9-Pre-Lease Agreement
- -
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99,999 SF
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$9.99
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Lorem Ipsum
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- Building 7
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
- Building 8
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Building 1 | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Building 2 | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Building 3 | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Building 4 (Suite A) | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Building 4 (Suites B-1 & B-2) | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Building 5 | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Building 6 & 9-Pre-Lease Agreement | - | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Building 7 | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Building 8 | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
ABOUT COACHELLA VALLEY
Strong historical rent growth and high occupancy rates attract investors to industrial assets in the Coachella Valley. Private investment companies dominate sales activity, while owner-users, institutional investors, and REITs also invest in the area on occasion.
Tenant demand for distribution space remains strong and stems from local agriculture producers. Businesses in Coachella Valley can transport goods to and from the ports of Southern California in a few hours and reach most cities across the Southwest within a day’s drive. Local serving businesses and small manufacturing companies are attracted to the area's lifestyle, business-friendly environment, and access to nearby coastal markets. While land is available for development, construction activity has been limited in recent years.
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Los Angeles
3,990,456
138
2 h 41 m
San Diego
1,425,976
139
2 h 44 m
Phoenix
1,660,272
251
4 h 29 m
Las Vegas
644,644
282
5 h 23 m
San Jose
1,030,119
466
8 h 46 m
San Francisco
883,305
510
9 h 30 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
210,829
Total Labor Force
112,028
Unemployment Rate
7.38%
Median Household Income
$71,069
Warehouse Employees
9,095
High School Education Or Higher
84.30%
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Burger King | - | - | 14 min walk |
RETAIL |
||
|---|---|---|
| am/pm | Convenience Market | 15 min walk |
HOTELS |
|
|---|---|
| Signature Inn |
125 rooms
8 min drive
|
| Holiday Inn Express |
89 rooms
8 min drive
|
| Fairfield Inn |
110 rooms
10 min drive
|
| Hampton by Hilton |
93 rooms
10 min drive
|
| Best Western |
118 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Number | 603-232-031 | Improvements Assessment | $34,893,670 CAD |
| Land Assessment | $691,029 CAD | Total Assessment | $35,584,699 CAD |
PROPERTY TAXES
Parcel Number
603-232-031
Land Assessment
$691,029 CAD
Improvements Assessment
$34,893,670 CAD
Total Assessment
$35,584,699 CAD
SALE ADVISOR
SALE ADVISOR
Paula Turner, Broker
Paula Turner, co-owner and broker of Desert Pacific Properties, has over 40 years’ experience in Commercial Real Estate with an emphasis on land acquisition and development. Paula has been a resident of the Coachella Valley since 1988. Since 2015 Desert Pacific Properties, under Paula’s leadership, has become a leading source of cannabis real estate with a current inventory of approximately $150 million including Morongo Industrial Park, one of the most successful cannabis business parks in the Coachella Valley. Paula is on the executive board of Coachella Valley Cannabis Alliance Network (CVCAN) and a member of California Cannabis Industry Association (CCIA).
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Coachella Campus | 84829 Avenue 48
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