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Post-Foreclosure Greenhouse for Sale

Status

Receivership

Property Type

Property For Sale

Business Type

Cultivation, Distribution

Price:

$2,450,000

Asset ID#: 

PG-ADEL004

Region:

Southern California

Executive Summary
Pac Garden Assets presents an improved cannabis greenhouse property for sale in Adelanto, California, located within a planned six-parcel development. The property comprises approximately 27,346 square feet of building area on 1.01 acres, including a 21,312 SF greenhouse configured across three flowering rooms and a 4,032 SF head house with office, security room, ADA restroom, trim room, two dry rooms, and a veg/clone room. The facility includes 39 flowering benches totaling approximately 17,550 square feet of active canopy, along with existing cultivation infrastructure such as blackout and shade curtains, wet walls, and environmental controls. Electrical service includes 400 amps to the head house, with a 540 kW natural gas generator on site (repairs required). Certain systems, including the HE Andersen fertigation system, RO system, and water pump, require replacement. The property benefits from 29 allocated parking spaces pursuant to recorded CC&Rs, is fully sprinklered, and previously received occupancy approval. The asset is being delivered vacant and offered as-is, where-is, with all faults. No cannabis license is conveyed; however, the seller will cooperate with a buyer’s new license application. Outstanding property taxes exist and will be addressed in connection with closing. This offering represents a compelling opportunity to acquire a purpose-built cannabis cultivation real estate asset with substantial existing improvements and a reset basis relative to prior valuation.
Property Details

Improved greenhouse property located within a planned six-parcel development in Adelanto, California.

  • Approximately 27,346 SF building area on 1.01 acres
  • 21,312 SF greenhouse across three flowering rooms
  • 4,032 SF head house with office, security room, ADA restroom, trim room, two dry rooms, and veg/clone room
  • 29 allocated parking spaces pursuant to recorded CC&Rs
  • Fully sprinklered; occupancy previously granted
  • Delivered vacant and sold as-is, where-is, with all faults
Operation Details

The facility includes existing cultivation infrastructure; however, certain systems require repair or replacement.

  • 39 flowering benches totaling approximately 17,550 SF of active canopy
  • 400 amp electrical service to head house; 540 kW natural gas generator on site (repairs required)
  • Blackout and shade curtains, wet walls, and environmental controls
  • HE Andersen fertigation system, RO system, and water pump require replacement
  • No license conveyed; seller will cooperate with buyer’s new license application
  • Outstanding property taxes exist and will be addressed in connection with closing
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