- State: California
- City: Lompoc
- Licensed: Yes
- Offer type: For Sale
- Building Sqft: 3281
- Property Type: Cultivation
- Acres: 11.83
- Availability: Available
- Business for Sale: Yes
Details
Listing 5023
Asking Price: $12,500,000
Offered at $12,500,000, this 11.83-acre fully permitted and licensed cannabis cultivation property in Lompoc, California presents a rare opportunity. The farm features 5 acres of outdoor cannabis, 3,240 SF of indoor cultivation, a 2,250 SF horse barn, 3,281 SF main residence, gated entry, pool, and a 966 SF guest house.
The entire outdoor area is permitted for flower production or nursery use, while the indoor space is also fully approved for cannabis operations. Current annual master service agreements and rental income exceeds $588,800, with significant potential upside from a planned 18,720 SF metal cannabis building that could generate over $561,600 per year in rental income.
Also owner is open to a seller carry-back for qualified buyers.
Located in the prime Sta. Rita Hills American Viticultural Area (AVA), known for its world-class pinot noir and chardonnay, this cannabis farm enjoys proximity to the burgeoning Lompoc wine scene. The city’s “Lompoc Wine Ghetto” and numerous other acclaimed wineries dot the surrounding landscape, creating an attractive ecosystem for value-added agricultural businesses.
With supportive local regulations and infrastructure, this turnkey cannabis operation presents an exceptional investment opportunity in one of California’s premier agricultural regions.
Use + Income
- ±11.83 Plantable Acres
- ±5 AC of outdoor cannabis (2024 Revenue: $216,300)
- ±3,240 SF of indoor cannabis (2024 Revenue: $300,000)
- ±2,250 SF horse barn (2024 Revenue: $72,500)
- Current Annual Income: $588,800
Residential
- (Currently Not Rented)
- ±3,281 SF main house w/ swimming pool (BOP of $5,500/mo. at $66,000/yr.)
- ±966 SF guest house (BOP of $2,000/mo. at $24,000/yr.)
- Potential Annual Income: $90,000
Potential Future Income
- Permitted, not yet built ±18,720 SF metal cannabis bldg*
- $1M spent to-date
- The building could potentially rent for $2.50/SF yielding
- $46,800/mo. at $561,600/yr.
- *Current owner is a general contractor & willing to discount his general contracting fee if interested. Estimated cost of build-out is $250/SF–$275/SF.
Patrick jon Pflipsen – Roxberry Capital – bre: 01463772, 02241024
Co-Brokered with Jon Ohlgren – Ranch, Vineyard and Agriculture Properties & Radius Commercial Real Estate
- ID: 11627
- Published: July 16, 2024
- Last Update: July 17, 2024
- Views: 140
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