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.