Rosewood is a modern state of the art 37 AC master planned Cannabis Business Park located in the light industrial
district of the City of Desert Hot Springs, CA. At full build-out it will feature more than 1,000,000 SF of cannabis cultivation,
manufacturing, processing, laboratory testing, distribution and non-store front delivery. Phase 1 has an approved
Conditional Use Permit (CUP 21-3) for 157,900 SF, which meets all requirements for CA state cannabis business licensing.
Being the first city in the State of California to allow recreational cannabis operations, Desert Hot Springs is one of the
most Cannabis Business Friendly environments in California. The city has recently reduced their cultivation tax and
have also eliminated city manufacturing tax.
In the Rosewood Cannabis Park, Phase 1 consists of a total of seven free standing tilt-up construction buildings: five
17,945 SF and two 34,090 SF single story buildings with option to build second story. Phases 2, 3 and 4 will each consist
of a total of seven free standing tilt-up construction buildings: five 17,945 SF and two 34,090 SF single story buildings
with option to build second story.
|SF||SINGLE STORY PRICING||2nd FLOOR OPTION|
|17,945 SF||$5,383,500* ($300 SF)||$2,153,400* ($120/SF)||2 units per building||120’ x 150’||4,000 AMP 480 v 3 phase|
|34,090 SF||$10,227,000* ($300 SF)||$4,090,800* ($120/SF)||2 units per building||285’ x 185’||8,000 AMP 480 v 3 phase|
|SF||PRICING||BUILDING DIMENSIONS||POWER||ADDITIONAL TERMS|
|17,945 SF||$44,862.50/MO NNN ($2.50/SF)||120’ x 150’||4,000 AMP 480 v 3 phase||6 Months Half Rent ($1.25/SF)|
|34,090 SF||$80,752.50/MO NNN ($2.25/SF)||285’ x 185’||8,000 AMP 480 v 3 phase||6 Months Half Rent ($1.13/SF)|
The building height of 40 feet allows you to double your square footage by adding a second story. Clear Height for each floor averages between 13.5’ to 14’ per floor.
Second floor option subject to price change *
Desert Pacific Properties has qualified tenants if you choose to lease your investment property.
Purchase Price: $7,536,900
Annual Lease Income ($2.25/SF NNN): $969,030
CAP Rate: 12.85%
3% Due to open escrow
10% Due when foundation is complete Balance due at close of escrow
Non Refundable Tenant Improvement Deposit Due for the cost of the Second Floor Option within 30 days after opening escrow.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 04/06/22 JC