Built to Suit Cultivation Greenhouses and Indoor with MFG Distribution in Lockeford, CA

Lockeford, CA 95237, USA
Lease: $82,800 / month

Details

Listing 3539

Lease Rate: $2.46 / SF / Month + NNN or $32,000 / Month + NNN

Asking Price:

$3.00 PSF per month for 27,600 sqft pods (Greenhouse)

$2.00 PSF per month for 15,000 sq ft (Indoor Cultivation/Manufacturing/Distribution)

This is a built to suit opportunity for all greenhouses which are to be delivered in 27,600 sqft pods, each single pod contains Units A & B, each unit is 12,600 sqft, allowing for 10,000 sqft of canopy with lights. A separated 2,400 sqft head house includes drying spaces, office and distribution, allowing for 2 Mixed Light Cultivation licenses. These units are to be delivered in December of 2021. (Full equipment list to be provided to qualified tenants)

The indoor space 10,400 sq ft is available and would only require tenant improvements, business license and state license to get operational. The ceilings are 24’ and 20’ in the designated cultivation/processing/storage areas. You also have 4,860 sq ft for manufacturing, and 1,100 sq ft for distribution, plus 1,500 sq ft of freezers.

Currently the property sits on 14,000 acre reserve of water which is tapped into by 3 wells generating up to 780 million gallons of water per year at 1,500 gallons (75 hp pumps) a minute each (its more than the whole operation would need). Full water rights for unlimited access is permitted by the state and county.

Property has 3,000 amps three-phase power available and 480v distribution throughout the warehouse and to each greenhouse. Additional power can be provided in the future and are plans for phase 2.

Details

  • 15,120 sqft nursery supporting all the operations or a stand alone nursery operation.
  • 18,615 sqft of cultivation, manufacturing and distribution space in multiple adjoining units.
    • Operational in approximately 7 months. (state licensing takes longer than all improvements, local permitting combined)
  • 1,600 sqft available in two units for delivery operations.
  • Of the initial five (5) pods and one (1) nursery, three (3) pods and one (1) nursery is available at this time, plus all the manufacturing, distribution and delivery spaces. *each pod is 27,600 sqft*
  • Phase 2 will include an additional seven (7) pods totaling 220,800 sqft of greenhouse.
  • CEQA review is complete.
  • Tax rate – 3.5% gross proceeds.

About Lockeford

Lockeford, CA is in San Joaquin County and sits in a heavy agricultural area which provides a great work force and most importantly lots of water. You are conveniently located 1-2 hours from major cities such as Sacramento, San Francisco San Jose and Fresno. As many operators have their experienced work force in NorCal this is an easier transition logistically. Lockeford has no high-risk fire areas as per the California State Fire Marshall.

Terms of Lease

  • Greenhouse
    • Lease Rate: $82,800 per month per 27,600sqft ($993,600 per annum) plus NNN
    • Deposit: 4 months of rent totaling $331,200
    • Tenant: Must be well funded and experienced operators
    • Due Diligence: After MNDA is signed a full due diligence package will be provided including items below
      • Development Agreement
      • Cannabis Fees SJ County
      • Sample Lease
      • County Local License Application
      • Equipment List – Greenhouses
  • Warehouse/Indoor
    • Lease Rate: $37,230 per month for 18,615 sq ft ($446,760 per annum) plus NNN
    • Deposit: 3 months of rent totaling $111,690
    • Tenant: Must be well funded and experienced operators
    • Due Diligence: After MNDA is signed a full due diligence package will be provided including items below
      • Development Agreement
      • Cannabis Fees SJ County
      • Sample Lease
      • County Local License Application
      • Equipment List – Greenhouses
  • $100,000 deposit can secure any pod or space.

Cooperating Brokerage Commission

3% for any tenant representation.

 

Miklos Campuzano – Cannabis Real Estate Consultants – DRE# 02072292

  • ID: 8123
  • Published: September 8, 2021
  • Last Update: November 24, 2021
  • Views: 428

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