ROSEWOOD CANNABIS PARK
17,945 SF to 35,890 SF BUILDINGS FOR LEASE, LEASE OPTION, & FOR SALE
FEATURES
- (2) 17,945 SF Free Standing Shell Buildings
- Brand New Tilt-Up Construction
- Excellent Investment Opportunity
- Each Building is Designed for 2 Units
- Single Story – 30 ft High with Cost Efficient Option to Build 2nd Story
- 4,000 AMP / 480 Volt / 3-Phase
- POA includes 24-hr Security
- Cannabis Friendly City with No Manufacturing Tax
- Agriculture Rates from SoCal Edison for Cultivation
- Reserve your Building Today, Phase 1 – 2nd Quarter of 2023
- Financing Available
Asking Price: Single Story From $5,383,500 ($300/SF)
Two Story From $7,536,900 ($210/SF)
Lease Rate: From $35,711/mo ($1.99/SF) NNN
VICINITY MAP
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.
Amenities
- Highest and Best Use: Cannabis Cultivation, Manufacturing and Distribution
- POA: $.20 per SF estimate which includes 24/7 Security with Hi-Tec Commercial Surveillance Integration
- APN: 665-110-004
- Zoning: I-L (Light Industrial, allows Cannabis Cultivation, Manufacturing and
Distribution and Non-Store Front Delivery) - Utilities:
Electric: Southern Cal Edison
Power – 4,000 AMP/ 480 Volt/ 3-Phase for 17,945 SF – 35,890 SF Buildings
8,000 AMP / 480 Volt / 3-Phase for 34,090 SF – 68,180 SF Buildings
Gas: SoCalGas
Water: Coachella Valley Water District
Sewer: On Site Sewer Treatment Plant - Parking Ratio / Spaces: 1 space – 675 SF (calculated based on single story) Total spaces 234 spaces
- Amenities:
Gated with 24/7 Security
Outdoor Community Seating
Building Includes
- Cold Shell
- Single Story – Min. 30’ Clear Ceiling
Height – Clear ceiling height averages between 13.5’ to 14’ per floor. - Two Story Option
- HVAC and Solar Allowed on Roof
- Fire Sprinklers
- Private Secured Equipment Yard
- Personal Trash Enclosures
- Modern Design and Finishes
- 2 Entrance Doors
- 2 Side Doors
- 2 12’ Ground Level Roll Up Doors
- Column Spacing:
17,945 SF building, 50’ by 60’
34,090 SF building, 42’-6” to 50’ by 60’ - Supporting Heavy Roof Load
| Building # | SF | Single Story Pricing | Two Story Option | Wall Options | Two Story Pricing | Building Dimensions | Power |
|---|---|---|---|---|---|---|---|
| 4, 5 | 17,945 SF – 35,890 SF | $5,383,500* ($300 SF) | $2,153,400* ($120/SF) | 2 units per building | $7,536,900 ($210/SF) | 120’ x 150’ | 4,000 AMP 480 v 3 phase |
| Building # | SF | Pricing | Building Dimensions | Power | Additional Terms |
|---|---|---|---|---|---|
| 4, 5 | 17,945 SF – 35,890 SF | FROM $35,710 – $71,421/mo NNN ($1.99/SF) | 120’ x 150’ | 4,000 AMP 480 v 3 phase | 6 Months Half Rent ($0.99/SF) |
Second Floor Option
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.
CANNABIS COMPLIANCE
- Meets all state and local requirements for cannabis cultivation, manufacturing, distribution, and testing.
- The property is approved for cannabis in the City of Desert Hot Springs.
- The City of Desert Hot Springs does NOT have a cannabis manufacturing tax.
- Approved CUP 21-3
Investment Opportunity
Desert Pacific Properties has qualified tenants if you choose to lease your investment property.
Potential CAP Rate of over 9.5%! Lot 3
Purchase Price: $7,536,900
Annual Lease Income
($1.99/SF NNN): $8,714,211
CAP Rate: 9.5%
Terms
3% Due to open escrow
10% Due when foundation is complete
Balance due at close of escrow
Location: 16786 Little Morongo – This property is located at the North East Corner of Dillon Road and Little Morongo just 2.5 miles from I-10 in the City of Desert Hot Springs, and 100 miles from Los Angeles .
Directions: From I-10 traveling east exit Indian Canyon Drive and take a left (north). Travel 1 1/4 miles to Dillon Rd., turn right (east) on Dillon Rd. Travel 1 mile to Little Morongo Road, property on corner.
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: 08/07/23 JC
Paula Turner, Broker
[email protected]
Direct: 760.766.0511
Cell: 760.578.6564
DRE License #00702492
Ranked #1 in the Coachella Valley for Cannabis Real Estate
Rebecca Ramirez, Sales Agent
[email protected]
Cell: 760.766.0517
DRE License #02050799