13310 Little Morongo Rd - Warehouse CONDO FOR SALE


Desert Hot Springs, CA 92240
$7,998,000 USD
714-323-3200
13310 Little Morongo Rd, Desert Hot Springs, CA for Sale
$7,998,000 USD
Warehouse CONDO - FOR SALE
1/16
null | 10% Cap Rate

13310 Little Morongo Rd
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • MOTIVATED SELLER – ALL OFFERS WILL BE PRESENTED
  • Long-term lease commenced June 1, 2025
  • Strong in-place cash flow with visible upside
  • Licensed, city-approved indoor cultivation operator

OVERVIEW

MOTIVATED SELLER – ALL OFFERS WILL BE PRESENTED 13310 Little Morongo Rd (Building 1, Unit 1) presents a rare opportunity to acquire a stabilized, institutional-quality industrial investment in one of Southern California’s most established city-approved cannabis operations parks. The approximately 41,000 square foot, purpose-built facility was constructed in 2019 and is fully leased to a licensed, city- and state-approved indoor cultivation operator under a long-term, structured lease designed to deliver predictable and growing cash flow. The property is leased on a 7-year initial term that commenced June 1, 2025, with two additional 5-year extension options and annual rent increases. Base rent begins at approximately $82,000 per month in Year 1, with CAM, NNN, and security reimbursements phased in over time, creating a strong and visible NOI ramp without reliance on re-leasing or market rent assumptions. At the current offering price, the investment reflects an approximate 8.0% cap rate in Year 1, increasing materially over the hold period. Constructed with significant specialized improvements, the building features heavy power, reinforced concrete block construction, modern LED cultivation systems, and a highly functional layout tailored for indoor cultivation and processing. The tenant is responsible for utilities, interior maintenance, and cannabis-specific operating costs, providing ownership with minimal management responsibility. Located within a city-approved cannabis cultivation park, the property benefits from municipal alignment and long-term operational stability, as the City of Desert Hot Springs actively supports operator continuity due to its tax revenue base. The asset is offered below replacement cost and prior peak valuation, with additional upside through accelerated depreciation and cost segregation due to the scale of specialized improvements. This is a compelling opportunity for investors seeking durable income, contractual rent growth, and exposure to a well-established cannabis industrial market

FOR SALE DETAILS

PRICE

$7,998,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

10%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 1

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

41,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.62 AC

LAND SF

636,847 SF

ZONING

I-L

APN/PARCEL ID

663-271-013

ASK ABOUT THIS PROPERTY

Kacey TaorminaCompassMore Info
714-323-3200

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Kacey TaorminaCompassMore Info
714-323-3200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.