The building is located on an approximate 2.1 acre lot within a cannabis industrial park. The lot contains both the building described within, plus the sale includes a partially completed 28,000 sq ft greenhouse. The building is well-located with on-off access only 1 mile to 1-10. The building is in excellent condition, and the partially completed greenhouse offers some interesting possibilities. The building includes a volatile extraction room that contains 8 walk-in vented chambers and a large C1-D1 vented blast room. The building presently has 5,000 amp service with an additional 5,000 amps in reserve with Edison.
The building was foreclosed upon by a bank and is being offered at a deep discount to replacement value. The Collier's International appraised the Subject in April 2022. The value "as is" was $17,300,000 as is, and $17,900,000 if completed. The replacement value was $11,300,000.