SALE PRICE:
$2,980,000.00
$26.83 PSF
$1,168,627.40 Per Acre
REGION:
City of Sacramento
APN: 064-0020-083
AVAILABILITY:
+/-2.55 Acres or +/-111,078 SF
-/+27,000 SF Building
(Approved Plan)
Net Usable Area: +/-1.85
Acres or +/-80,586 SF
ZONING:
M-1 S-R Light Industrial
OPPORTUNITY:
Cannabis Cultivation & Distribution Facility CUP Active & Building Permit Submitted
- This +/-2.55 Acres of M1-S-R land is located in District 6 within the City of Sacramento. The property is uniquely positioned off the major throughfare of South Watt and Elder Creek allowing for ease of access for customers and delivers. The land is less than 1/2 a mile from this major intersection.
- The subject property has a valid CUP for a cultivation and distribution facility with a total building area of +/-27,000 SF and a building permit submitted. SMUD commitment letter has been issued.
- This site has an active approval for 27,051 SF of cannabis production which currently includes 22,956 SF of cannabis cultivation, 539 SF of cannabis distribution, and 3,556 SF of cannabis manufacturing.
- The CUP and building plans include 8 identically sized flower rooms for 2-tier LED grow with a total +/- 17,000 SF canopy space (1,056 LED lights), with each of the flower rooms hosting >2,100 SF of canopy space (132 LED lights).
- District 6 has recently hit the cap of 2,500,000 SF for cultivation and distribution, so no more property in District 6 will be able to develop a cultivation and/or distribution facility unless it holds a valid CUP. The subject property is amongst the handful which do.
California is the fifth largest economy in the world with Sacramento being its capital. Historically known for its flooding, Sacramento is an intersecting point for both the American & Sacramento River at Discovery Park.
This capital city was founded in 1848 on the fertile agricultural soils located in the northern portion of the Central Valley, growing to nearly +/-1,000 square miles.
The City of Sacramento has roughly 525,000 residents while entire Sacramento County has nearly 1,600,000 residents.
Sacramento County is home to numerous other populated and expanding metro areas: Elk Grove, Natomas, Rancho Cordova, & Citrus Heights.
With a reputation of being a small capital city compared to the much larger cities of L.A. & S.F, Sacramento continues to grow as the state population continues to decrease.
A majority of California’s state workers are employed within county limits while the capital city of California continues to see job growth and constant real estate development in both residential and commercial sectors, despite high interest rates.
Executive Director
916 704 9341
dmueller@muellercommercial.com
CalDRE# 01829919
Director
916 613 3899
cfreelove@muellercommercial.com
CalDRE# 02092307
