Green Horizons Cultivation Facility

Wilson Meade Commercial Real Estate is proud to offer the leased investment sale of a brand new +/- 101,787 square foot, state-of-the-art, sealed, Class “A” automated light deprivation cannabis greenhouse. This facility will produce upwards of 35,000 pounds of grade “A” cannabis annually and is leased to M.L.A. Horizon, Inc. dba Green Horizons, a team composed of industry pioneers and luminaries and will be home to the Boast and SOL cannabis brands. This is Green Horizons’ initial phase within the subject development, Coachella Cann Park, and the tenant has options to lease an additional +/- 400,000 square feet within this development. Tenant has a $1,000,000 lease deposit, plus the tenant is prepaying 2-months’ rent and NNN fees. Tenant invested an additional +/-$1.7 million, LED flowing and cultivation lights, drying racks and security equipment for the subject property, demonstrative of a strong commitment to site and overall campus development. Subject property is finished construction and should be ready for occupancy mid-August, 2023. Priced to sell at a strong 12.57% CAP rate for year one. Lease is a new 20-year, absolute NNN lease with 3% annual escalations. Buyer shall own all FF&E within the property as part of the sale, as the lease is turnkey; and have a UCC-1 filing on the cultivation lights, drying racks and equipment for additional security. (+/-$5,000,000 equipment value)