84829 Avenue 48 - Manufacturing FOR SALE


Coachella, CA 92236
$30,000,000 USD
442-282-6445
84829 Avenue 48, Coachella, CA for Sale
$30,000,000 USD
Manufacturing - FOR SALE
1/51
null | 9.32% Cap Rate

84829 Avenue 48
Coachella, CA 92236


HIGHLIGHTS

  • MUST SELL Offers Due By Oct. 6th, 2025
  • High-Performing NNN Multi-Tenant Leased Investment
  • Over 100,000 Square Feet Of State-Of-The-Art Facilities, That Meet The Needs of The Cannabis Industry
  • Nine Freestanding Industrial Buildings 90% Complete | Fully Secured Cannabis Campus
  • Lease Rates $2.50 to $3.00/SF/Mo NNN | Tenants Are Experienced Cannabis Operators Under Long-Term Leases
  • Annual NOI - Over $3,400,000 At Full Build-Out | 2027 Projected CAP Rate - 9.32%

OVERVIEW

Desert Pacific Properties is pleased to present the Coachella Campus, a distressed investment property offered through a court-ordered bankruptcy sale. Located at 84829–84849 Avenue 48 in Coachella, CA, this multi-tenant cannabis industrial park features nine freestanding buildings totaling ±108,229 SF on six acres. Purpose-built with state-of-the-art cannabis cultivation, processing, and distribution facilities, the property is 90% complete and ready for immediate value creation. Four buildings are fully operational and generating cash flow at market rents. Two operate with deferred rent pending the certificate of occupancy for Building 3, 99% complete. The remaining two are in advanced construction stages, needing an estimated $6.6M to finish. Once stabilized, the asset is projected to generate over $3.4M in annual NOI, delivering a pro forma 9.32% cap rate by 2027. Lease rates range from $2.50–$3.00/SF NNN, with licensed tenants under long-term NNN leases, including renewal options and rent escalations. The asking price is reduced to $30,000,000 ($277/SF), a significant discount from $40,000,000 and well below replacement cost. Strategically located in the Inland Empire’s Eastern Riverside County, Coachella Valley, the “Napa Valley of cannatourism” the site offers cannabis-friendly zoning, secured entitlements, strong tenant demand, and a thriving regional ecosystem. With motivated sellers and a court deadline in place, offers are due by October 6, 2025.

FOR SALE DETAILS

PRICE

$30,000,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

9.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coachella Campus

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6

LAND SF

261,360

ZONING

M-W

APN/PARCEL ID

603-232-031

ASK ABOUT THIS PROPERTY

Paula TurnerDesert Pacific PropertiesMore Info
442-282-6445

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Paula TurnerDesert Pacific PropertiesMore Info
442-282-6445

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