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13310 Little Morongo Rd - Building 2

37,000 SF Industrial Unit Offered at £2,761,500 in Desert Hot Springs, CA 92240

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Investment Highlights

16% CAP RATE! -Single Tenant NNN Leased Investment Building
Located in Morongo Business Park
Short Sale - Submit all offers

37,000 SF Fully Entitled Turnkey Mixed Light Cannabis Facility
10,000 SF Headhouse; 27,000 SF Mixed Light Greenhouse
Reduced from $5M Sold in 2021 for $7,684,000

Property Facts

Price	£2,761,500	Building Class	B
Unit Size	37,000 SF	Number of Floors	1
No. Units	1	Typical Floor Size	69,000 SF
Total Building Size	69,000 SF	Year Built	2018
Property Type	Industrial (Unit)	Lot Size	14.62 AC
Property Subtype	Warehouse	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type	Investment NNN	Sale Conditions	Distress Sale

Price	£2,761,500
Unit Size	37,000 SF
No. Units	1
Total Building Size	69,000 SF
Property Type	Industrial (Unit)
Property Subtype	Warehouse
Sale Type	Investment NNN
Building Class	B
Number of Floors	1
Typical Floor Size	69,000 SF
Year Built	2018
Lot Size	14.62 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Conditions	Distress Sale

1 Unit Available

Unit A

Unit Size	37,000 SF	Net Initial Yield	15.68%
Price	£2,761,500	NOI	£432,886.41
Price Per SF	£74.64	Sale Conditions	Distress Sale
Unit Use	Industrial	APN/Parcel ID	633-271-027, 633-271-028, 633-271-029, 633-271-030, 633-271-031, 633-271-032
Sale Type	Investment

Unit Size	37,000 SF
Price	£2,761,500
Price Per SF	£74.64
Unit Use	Industrial
Sale Type	Investment
Net Initial Yield	15.68%
NOI	£432,886.41
Sale Conditions	Distress Sale
APN/Parcel ID	633-271-027, 633-271-028, 633-271-029, 633-271-030, 633-271-031, 633-271-032

Description

This 37,000 SF Mixed Light Cannabis Facility has a square footage breakdown that devoted 10,000 SF to the Headhouse
and the remaining 27,000 SF are the Mixed Light Greenhouse.

Sale Notes

This is a Single Tenant NNN Leased Investment Building

Building Photo

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13310 Little Morongo Rd, Desert Hot Springs, CA 92240 - Unit A - - Interior Photo - Image 1 of 1 — Building Photo

Marketing Brochure/Flyer

zoning

Zoning Code	I-L (Light industrial)
I-L (Light industrial)

Listing ID: 33924618
Date on Market: 19/11/2024
Last Updated:
Address: 13310 Little Morongo Rd, Desert Hot Springs, CA 92240

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