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PROPERTY DETAILS
Sell your business or commercial property?
Asking Price $9,990,000
Gross Income N/A
EBITDA N/A
CAP Rate N/A
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Down Payment N/A
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* Not Included in the asking Price
Description

Opportunity to buy over 515 Acres of Land with licensed Mixed Greenhouse!
Licensed Mixed Greenhouse Farm in SLO County. Over 515 acres, 4 separate Parcels. 10,000 sq. Ft existing cultivation and in application with the county for an additional acre of outdoor and 12,000 of dep. Ultimately it could have 3 acres of cultivation. Roughly 2 miles from Lake Nacimiento.

Well: 90 gals/min well with 10,000 storage.
BARN: 30×50 barn/shop with 10' overhangs on each side. There’s also a standalone bathroom with a shower. Small solar system to power everything. It's all permitted.

INCOME: Approximately 500k profit, it's only 10k sq. Ft. The value is what's possible and the size of land gross sales 1.2 -1.5 Million - Net is approximately $500,000.

Overview:
Currently have state provisional for 10,000 sq. ft outdoor. Application for 27,000 sq. ft mixed light greenhouse and 1 acre of outdoor light dep hoops. Should be County approved by March. The county is allowing the owner to apply to the state in parallel because they are so close. After this approval Seller is applying for two more 27,000 sq. ft greenhouses and 2 more acres of hoops on the other two eligible parcels as well a large processing building to accommodate the additional cultivation. The county knows this is coming, but we want to get through the first app. The seller has also applied to bring power out to the site
Cannabis is the only annual plant with distinct genders: male, female, and hermaphrodite. You only use the female plant for its flower, but you still use male plants for pollinating/reproducing. Separate select males and keep them far away from the female plants. If you keep male and hermaphrodite plants near your females, your yield will still be fully flowered, yet rife with seeds. (While a seed-filled yield is useful for breeding future harvests, seedy bud isn’t the desired outcome for consumption; users pick the seeds out before smoking or processing the flower for edibles or concentrates.)
Each plant can yield one to ten pounds of flower and trim. The plant can grow up to 15 feet tall depending on the strain and the maintenance of the plant.
It’s better not to start the plant’s life at the beginning of the year. Most of the farms working with Humboldt Legends plant in March and harvest by mid-October.

The financial information was supplied by the seller and has not been verified by the broker. The broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.
All data, information including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by the broker for accuracy. Properties or Business may or may not be listed by the office/agent presenting the information.

Listing Contacts
ajrana
  • AJ Rana - 1999 S Bascom Ave
  • Campbell, CA 95008
  • Phone: 408-780-2200
  • Phone Alt:510-737-8500
Location
San Luis Obispo County, California
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