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13310 Little Morongo Rd - Building 2

37,000 SF Industrial Condo Unit Offered at $5,025,615 CAD in Desert Hot Springs, CA 92240

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INVESTMENT HIGHLIGHTS

16% CAP RATE! -Single Tenant NNN Leased Investment Building
Located in Morongo Business Park
Short Sale - Submit all offers

37,000 SF Fully Entitled Turnkey Mixed Light Cannabis Facility
10,000 SF Headhouse; 27,000 SF Mixed Light Greenhouse
Reduced from $5M Sold in 2021 for $7,684,000

PROPERTY FACTS

Price	$5,025,615 CAD	Building Class	B
Unit Size	37,000 SF	Floors	1
No. Units	1	Typical Floor Size	69,000 SF
Total Building Size	69,000 SF	Year Built	2018
Property Type	Industrial (Condo)	Lot Size	14.62 AC
Property Subtype	Warehouse	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type	Investment NNN	Sale Condition	Distress Sale

Price	$5,025,615 CAD
Unit Size	37,000 SF
No. Units	1
Total Building Size	69,000 SF
Property Type	Industrial (Condo)
Property Subtype	Warehouse
Sale Type	Investment NNN
Building Class	B
Floors	1
Typical Floor Size	69,000 SF
Year Built	2018
Lot Size	14.62 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Condition	Distress Sale

1 UNIT AVAILABLE

Unit A

Unit Size	37,000 SF	Cap Rate	15.68%
Price	$5,025,615 CAD	NOI	$787,803.90 CAD
Price Per SF	$135.83 CAD	Sale Conditions	Distress Sale
Condo Use	Industrial	APN/Parcel ID	633-271-027, 633-271-028, 633-271-029, 633-271-030, 633-271-031, 633-271-032
Sale Type	Investment

Unit Size	37,000 SF
Price	$5,025,615 CAD
Price Per SF	$135.83 CAD
Condo Use	Industrial
Sale Type	Investment
Cap Rate	15.68%
NOI	$787,803.90 CAD
Sale Conditions	Distress Sale
APN/Parcel ID	633-271-027, 633-271-028, 633-271-029, 633-271-030, 633-271-031, 633-271-032

DESCRIPTION

This 37,000 SF Mixed Light Cannabis Facility has a square footage breakdown that devoted 10,000 SF to the Headhouse
and the remaining 27,000 SF are the Mixed Light Greenhouse.