17130 Muskrat Avenue

    Adelanto, CA 92301
    • $3,900,000
    • STATUS: Active
    • ON SITE: 349 days
    • ID#: OC18217127
    $3,900,000
    • 0
      BEDS
    • 4.68
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    2000
    County:

    School Ratings & Info

    Description

    This listing is for the sale of the business only, the real estate is not for sale.Very low multiple of 1.42 times gross sales and a 2.13 based off EBITDA using the existing 152 lights. Huge upside to add an additional 500 lights.Exclusive listing, 3% commission to cooperating active licensed agents.City Cannabis tax super low @ only $5/sqft of building space per yearTurnkey for new operator. All staff already in place.6,251sqft of the building is not being used yet, can be used for expansionCurrently have 112 LED Bloom lights and just ordered 40 more which would give a total of 152 bloom lights.2,432 plants.Based on 152 bloom lights, we expect to get 2 lbs from each light and do 5 harvests a year which would give you a total of 1,520 lbs a year @ $1800/lb, that would give you a total gross revenue of $2,736,000. If you add the additional 500 lights that would give you an additional $9,000,000 in gross revenue for a total of $11,736,000 a yearThe rent is 8,000sqft times 2.25/sqft which equals $18,000/mo NNNLocal and State Cultivation license in place.Operations started 5/10/18.Seller will cooperate with a profit share or similar with a sizable down payment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T00:31:10.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or California Realty Experts. Licensed in the State of California, USA.
    www.californiarealtyexperts.com/homes/87220557

    17130 Muskrat Avenue Adelanto, CA 92301

    • Price: $3,900,000
    • Status: Active
    • ID#: OC18217127
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.68
    Acres
    2000
    Built
    Neighborhood:
    ADL - Adelanto
    County:
    San Bernardino
    Area:
    ADL - Adelanto
    Property Description
    This listing is for the sale of the business only, the real estate is not for sale.Very low multiple of 1.42 times gross sales and a 2.13 based off EBITDA using the existing 152 lights. Huge upside to add an additional 500 lights.Exclusive listing, 3% commission to cooperating active licensed agents.City Cannabis tax super low @ only $5/sqft of building space per yearTurnkey for new operator. All staff already in place.6,251sqft of the building is not being used yet, can be used for expansionCurrently have 112 LED Bloom lights and just ordered 40 more which would give a total of 152 bloom lights.2,432 plants.Based on 152 bloom lights, we expect to get 2 lbs from each light and do 5 harvests a year which would give you a total of 1,520 lbs a year @ $1800/lb, that would give you a total gross revenue of $2,736,000. If you add the additional 500 lights that would give you an additional $9,000,000 in gross revenue for a total of $11,736,000 a yearThe rent is 8,000sqft times 2.25/sqft which equals $18,000/mo NNNLocal and State Cultivation license in place.Operations started 5/10/18.Seller will cooperate with a profit share or similar with a sizable down payment.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Business Type Agriculture Country Us Leasable Area Units Square Feet Number Of Full Time Employees 3 Number Of Part Time Employees 0 Year Established 2017

    Listing provided courtesy of Chris Shepard of Chris Shepard, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T00:31:10.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or California Realty Experts. Licensed in the State of California, USA.
     
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