MORONGO BUSINESS PARK
2 UNITS LEFT! FOR LEASE WITH OPTION TO PURCHASE

FEATURES

34,287 SF to 68,574 SF Concreate Tilt Up Cannabis Grow Facility
New Construction – Available Winter 2023
2 units: 1st floor 34,287 SF & 2nd floor 34,276 SF
Low POA Includes 24 Hour Security
Adjacent to MedMen, Canndescent & Desert Underground
24 ft yard space along the building
No Manufacturing Tax in the City of Desert Hot Springs

LEASE RATE: $85,717/MO ($2.50/SF NNN)
OPTION PRICE: $250/SF AT 30-36TH MONTH

VICINITY MAP

Amenities

Location: The property is located on the east side of Little Morongo Rd, just south of Hacienda Avenue in the city of Desert Hot Springs.
Best Use: Cannabis Cultivation/Manufacturing
APN: 663-271-038, 037, 036, 035, 034, 033
Zoning: I-L (Light Industrial)
Parking Spaces: 40
Opportunity Zone: Yes
Utilities: Water, Gas
Terms: Cash

Building Features

Building Size: 34,287 SF – 68,574 SF
Building Dimensions: 120’ x 260’
Column Spacing: 12-’3”x 35’ to 23’-2”x 35’
Fire Sprinklers: Yes
Elevator: Yes for second floor
Restrooms: Yes one on each floor
Clear Height: 15’ each floor
Roll up door(s): 1 10×10 common area
Electric: 4,000 AMPS/ 480v/ 3 Phase Building
Year built: Under Construction

Comments

Morongo Business Park is a 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 over 200,000 SF of cannabis cultivation, manufacturing, processing, distribution and non-storefront delivery. Phase 3 has an approved Conditional Use Permit (CUP 21-17) for 136,174 square foot building 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. Call listing office for complete due diligence package.

opportunity zone

Why is investing in an Opportunity Zone better than a 1031 Exchange?

Temporary Deferral: Similar to a 1031 Exchange.

Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation. Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income

Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income.

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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: 02/06/23 JC