O Street Group is pleased to present the exclusive opportunity to acquire 959 Enterprise Ave, a specialized industrial asset located in the established Enterprise Avenue industrial corridor of San Jacinto, California.
The property consists of a 7,675 SF industrial building situated on a 21,916 SF lot, zoned (IL) Industrial Light. The facility has been improved for cannabis-related retail, cultivation, and distribution operations, including secure retail buildout, vault infrastructure, commercial security systems, HVAC improvements, point-of-sale/display areas, and other specialized operational improvements.
The offering is priced at $4,250,000 and is structured as a combined acquisition of fee simple real estate, existing improvements, seller-owned business assets, FF&E, operational infrastructure, inventory at cost, and associated licensing and permit components, subject to the terms of the final purchase agreement and all applicable regulatory approvals. Seller-provided financial information reflects a 10.0% going-concern cap rate based on trailing twelve-month EBITDA and a 12.4% cap rate based on seller-provided normalized EBITDA.
Seller-provided information indicates the operating business holds a three-license California Department of Cannabis Control license stack at the subject address, including retail, distribution, and indoor cultivation licenses, together with City of San Jacinto local cannabis approvals.
This combination of fee simple ownership, specialized improvements, existing operational infrastructure, and going-concern income profile creates a rare opportunity for an owner-user or vertically integrated operator seeking control of both the real estate and operating platform.