Morongo Industrial Park – Phase 3 16,460 SF Buildings for Sale or Lease with Option

Details

Listing 4405

Asking Price: $4,200,000 ($255/SF)
Lease Rate: $28,805 ($1.75 /SF NNN)

The property is located on the east side of Little Morongo, just north of Dillon Rd. in the city of Desert Hot Springs. 7 Brand new buildings are available for sale or lease with option to buy. Best for cannabis cultivation, distribution and manufacturing.

Features

• (7) 16,460 SF Free Standing Shell Buildings
• Brand new construction
• Available for Sale & for Lease
• 1,600 AMPS 3 Phase 480V
• Low POA including 24-hr security: $0.22/SF
• No Manufacturing Tax in Desert Hot Springs
• Agricultural Rates from SCE for Cultivation
• T.I. ready to start – Approved Plans Available
• Ideally Located Next To Palm Springs with Convenient
  1-10 Access To Server Southern California
• Flexible Lease Terms
• Financing Available

Building includes

• Refrigerator-Type Insulated Wall and Roof Panels
  • R25 Wall Insulation
  • R41 Roof Insulation
• Finished Interior Wall Panels
• Fire Sprinklers
• Ceiling Heights: 1st Floor:
  • Min 12’3”, 2nd Floor: 12’-14’
• Heavy Power – 1,600 AMPS
• Loading Bays w/ 12’ Overhead doors
• Solar Power Ready Roof System
• Industrial Elevator/Freight Lift
  • $37,000 Allowance
• Custom Steel Fabrication

Details

• Land Use Zoning: I-L (Light Industrial, allows cultivation & manufacturing)
• APN: 665-080-012,013
• Electric:
  • Southern Cal Edison
  • Power – 480V 3 Phase
  • B Buildings 1600 Amps
  • Switchgears installed at each building
• Water:
  • City Water and Advanced Treatment Sewer System
• Highest and Best Use: Cannabis Cultivation, Manufacturing and Distribution
• POA: $3,621 ($0.22/SF estimate) includes 24-hr security
• City CUP Cultivation Permit included with purchase
• Compliant with Desert Hot Springs business requirements
• Complete Due Diligence Package including Building Plans Available

Term of Purchase

• Asking Price: $4,200,000 ($255/SF)
• Lease Rate: $28,805 ($1.75 /SF NNN)
• 8% Financing available.

Paula Turner – Desert Pacific Properties – DRE#702492