23820 Potter Rd - Specialty FOR SALE


Salinas, CA 93908
$8,950,000 USD
23820 Potter Rd, Salinas, CA for Sale
$8,950,000 USD
Specialty - FOR SALE
1/43
null | Request Cap Rate

23820 Potter Rd
Salinas, CA 93908


HIGHLIGHTS

  • Excellent Access to HWY 101
  • Turn Key Facility
  • Vertically Integrated from Nursery to Processing

OVERVIEW

Riverview Farms is a 22.3-acre, two-parcel cannabis cultivation platform in Monterey County's agricultural corridor. The facility comprises over 483,000 square feet of greenhouse, approximately 15,700 square feet of processing and distribution infrastructure, and two single-family residences, totaling 504,000 square feet of building coverage. Each parcel is independently served by its own agricultural well, water storage, processing center, and residence. The operation is a fully integrated closed-loop system. Genetics are developed, propagated, cultivated, harvested, dried, trimmed, and packaged entirely on site. Soil-based cultivation using steamed and recycled substrate substrate, automated fertigation and climate control, and five harvest rotations per year produce a continuous supply of finished flower currently sold out at market. Both parcels are equipped with 1,000+ amp electrical service, natural gas distribution to all greenhouses, fire suppression infrastructure, underground conduit for supplemental lighting, and 24-hour security with perimeter fencing and camera coverage. The facility carries 39 active cannabis licenses across both parcels. An experienced operations team is in place and prepared to stay on through a transition, with in-house sales maintaining a consistent wholesale pipeline. Riverview Farms is one of the last surviving greenhouse cannabis operations of its scale in Monterey County. Turn-key facility, active licenses, proven infrastructure, and a team that knows how to operate successfully.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$1,453 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Riverview Farms

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

10.6 AC

LAND SF

461,880 SF

ZONING

F/40

APN/PARCEL ID

137-051-024-000

ASK ABOUT THIS PROPERTY

Jamie WarmWarmstone AdvisorsMore Info

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Jamie WarmWarmstone AdvisorsMore Info

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