Address
68718 Perez Road Cathedral City, CA
Price
$ 7,000,000
Property Attributes
  • MLS#219060616DA
  • TypeCommercial
  • CountyRIVERSIDE
  • CityCathedral City
  • AreaCathedral City South
  • Zip92234
  • Style
  • Price$ 7,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Hubbard Stratton Group with Bennion Deville Homes - (818) 661-0162
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Brand new and well designed approximately 4000 sq. ft. building specifically constructed for cannabis manufacturing. Incredible opportunity to own a manufacturing and distribution facility with a type 7 Volatile and a 11 & 12 license in the Coachella Valley. This pristine licensed facility can produce distillate, crude, Diamond etc.. and concentrates as well as other packaged products for it's own brand or white labeling. At the current price of THC distillate, if the facility only sold distillate the annual gross revenue generated is 3 million. There NOI is about 2.7 mil. The demand for oil and concentrates has improved and this facility is well positioned to supply a high quality product to more discerning purchasers. Painstaking to detail and engineering has produced a model facility with the finest equipment. The land, building, equipment and businesses that buy our product are all included in our sale.

Price History
4/16/2021 Listed $7,000,000

General Features

Listing Agent Hubbard Stratton Group - BRE#01276572
Listing Agent State License 01276572
MLS Area 336 - Cathedral City South
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 92234

Price
AVG $1.87M
$7M
Visits
AVG 57
66
Walkscore
AVG 47
51
Data Provided by Walkscore ® not using MLS data

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