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Future SoCal Cannabis Production & Distribution HubAvailable Space

100 Sycamore Rd, Arvin, California 93203

100 Sycamore Rd space for

Last Updated: 12/06/2019
Property Type:Building
Listing Type:Sale
Size:27,360 SF
Price:$3,750,000.00
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100 Sycamore Rd - Image 1

Listing Overview

Listing Description

Highlights, Qualifies for Cannabis Distribution, Non Storefront Retail and Cultivation, Located in Federal Opportunity Zone, Fenced parking lot, Seller Financing Available, Ideal For Distribution and Delivery Hub, Room & Plans For Expansion, Description, Rosano Partners is pleased to present this opportunity to purchase a large industrial building with the entitlements for cannabis business licensing and future expansion. This property gives your business access to the Bakersfield market and low local tax rates making this real estate ideal for a processing and distribution hub. This deal includes plans for future expansion and all the entitlement work done by ownership to get this facility as close as possible to the finish line for local approvals. The building is 27,360 SF and has 30’ Ceiling clearance. This large facility has 39,275 SF of total usable building area with wellmaintained office and mezzanine space., Preliminary work has been completed to build an additional 20,000 SF 2story building on the site, pending an expected reclassification of M2 light manufacturing from heavy industrial to light industrial per the city of Arvin development plan. Take advantage of this outstanding opportunity to purchase an entitled Cannabis Cultivation, Distribution and NonStorefront Retail Delivery facility, eligible for both medical and recreational use! Upon completion and final inspection of the entitled buildout, a Certificate of Occupancy and authorization to operate will be issued., Custom construction and operating plans are available for qualified parties. In addition, the city is also accepting applications both volatile and nonvolatile manufacturing., Location, The City of Arvin is a progressive municipality that welcomes cannabis businesses and is one of the only cities to allow commercial cannabis use in Kern County. Arvin is 20 miles away from Bakersfield and is the only nearby municipality that allows for commercial cannabis uses. A delivery operation from Arvin will have the ability to serve Bakersfield, which has a population of over 380,000 and no legal access to cannabis. The city of Bakersfield has a ban on commercial uses and actively shuts down illegal operations. Cannabis businesses in Arvin will have a huge pool of customers in an underserved market just a 20 minute drive away. Not only are the cannabis taxes in Arvin good, but this property is located in a federal “opportunity zone” which provides significant tax benefits to owners who plan to hold onto the building for 5+ years before selling it. Arvin has a reputation in the Cannabis Industry for being a progressive city and they have has one of the lowest tax rates in the entire state. Arvin is one of the few cities in California that allow your business to get up and running on a reasonable timeline.

Listing Details

Property Type:Building
Listing Type:Sale
Size:27,360 SF
Price:$3,750,000.00
Floor Number:None
Secondary Use:Industrial
Primary Use:Industrial

Building Overview

Building Details

Primary Use:Industrial
Year Built:
Class:
Size:27,360 SF

Location

100 Sycamore Rd, Arvin, California 93203

Contact

George Cornelson

Cannabis Investment Group Senior Associate

gcornelson@rosanopartners.com

Direct: 704-975-4652

Listing Inquiry