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00 Little Morongo Rd
Desert Hot Springs, CA 92240 Outlying Palm Springs

$695,000 USD

Land For Sale  •  8 AC

Property Details

  • Property Type Land
  • Lot Size 8 AC
  • Zoning IL- Light Industrial
0 Transit Score
20 Walk Score

Description 

Property Details
- 8 acres of flat, cleared land
- Zoned for cannabis cultivation, manufacturing, and distribution
- 5 planned buildings totaling 122,000 SF
- Buildings include dry rooms, trim rooms, and four flower rooms
- Located on Little Morongo Rd, Desert Hot Springs, CA
- Cultivation & Distribution entitlements in place
- Parcel APNs: 665-080-006 & 665-080-008
- Utilities: Water and electric on-site
- Will serve letter linked in the brochure

Highlights

Located in an Opportunity Zone with tax incentives
Projected lease income starts at $1.25/SF with 3% annual increases
Located in an Opportunity Zone with tax incentives
Projected ROI: 108% with 16% CAGR at a 7% exit cap rate

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
9 min - 4.3 mi
AirportDriveWalkDistance
Palm Springs International 16 min - 8.9 mi
Ben Hourani 213-722-9577 Pac Garden Assets
Ben Hourani 213-722-9577 Pac Garden Assets