Calexico 1-7 Acre Parcels Or Full 57 Acre Available – Unlimited Canopy (Future Proof) Opportunity

Calexico, CA, USA
$196,000

Details

Listing 131

Asking: $196,000 for each 1.5 Acre Parcel

Asking: $3.00 PSF

31 Lots Available (As lots differ in sizes please call for inquiries)

Calexico is under 2 hours from San Diego and approximately 4 hours from Los Angeles. It is also able to serve the future international market, and Arizona or other states.

Owners are flexible on terms with decades of development experience. Closing can be contingent on required licensing and any other cannabis requirements.

 

  • 57 Acre Parcel
  • All uses are available including maximum canopy and type 7 volatile manufacturing
  • Time frame to local licensing is under 3 months, and fully operational in under 1 year.
  • Unlimited canopy size
  • Industrial/Commercial Zoning
  • Opportunity Zone (https://opzones.ca.gov/)
    • No up-front tax bill on federal capital gains rolled into a Qualified Opportunity Fund
    • When investments are held for five years, 10% increase in rolled-over federal capital gains basis
    • When investments are held for seven years, 15% increase in rolled-over federal capital gains basis
    • Investors can defer their original tax bill until December 31, 2026 at the latest, or until they sell their Opportunity Fund investments, if earlier.
    • Opportunity fund investments held in the fund for at least 10 years are not taxed for federal capital gains.
  • License stacking in opportunity zone for large canopy operators
  • 200 amps currently. Power to each individual lot, working on plan/budget for co generation.
    • Co-generation plan available during due diligence, high powered gas area available to each unit, and can provide 10MW total power which would serve over 150,000 sq ft of canopy currently and without major modifications.
      Owners are willing to provide electricity that IED will not provide in Imperial Valley.Area is a heavy AG zone, so there is plenty of skilled and affordable labor in the area.
  • Area is a heavy AG zone, so there is plenty of skilled and affordable labor in the area.
    • Considered one of the best climates for agriculture in California
  • Each lot has water, sewage, electricity, gas, roads, street lights and fire hydrants
    • Water is more than sufficient as the property is adjacent to the main canal
  • Major US shipping company is building a facility on 8 lots.

 

The city of Calexico has opened its doors to cannabis operators, and is excited to develop the town center project. We can schedule meetings with the city to develop a road map that is beneficial to any large operator in the cannabis space.

 

Miklos Campuzano – Cannabis Real Estate Consultants — DRE#02072292

 

 

  • ID: 4911
  • Published: July 15, 2019
  • Last Update: September 14, 2020
  • Views: 1544

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