Sold – King City – 82,000 sf Cultivation, Type 7 Manufacturing, and Distribution Opportunity

Details

Listing 269

 Asking Price: $3,800,000

Existing Development – Excellent Location. For Sale, Lease, or Joint Venture.

King City has one of the lowest net tax rate for a vertically integrated cannabis business company in California. The Cultivation tax is now $9.75 per sf.

King City allows NEW GREENHOUSES to be built. Type 7 Manufacturing tax is $30,000 flat a year in King City. Distribution and Non-Store Front Dispensary “Delivery” are both zero tax in King City. And unlike most cities and counties – King City’s CEQA review is compliant, which means all projects will receive pre-CEQA clearance. A savvy investor or company understands how significant that is.

4+ Acres Designed & Partially Developed. Can Be Subdivided Into 1, 2, 3, or 4 Lots

$3,000,000.00 already spent on this project. Utility infrastructure completed. One 20,000 sq ft greenhouse and type 7 manufacturing head house are at ~70% completion and can be 100% completed in ~4 months, ready for the upcoming season.

Includes 12 Existing City Approved License Permits:

• 4 cultivation permits; 82,000 sf plant canopy
• 4 type 7 manufacturing license permits
• 4 distribution license permits

Other Utilities – natural gas, municipal water, (4) 2500 amp 3 phase power

Terms of Purchase

• For Sale, Lease, or Joint Venture.
• Asking Price: $3,800,000 for real estate and licenses

Steve Bermudez – Cannabis Real Estate Consultants – DRE# 02116483