Located in the thriving City of Woodlake, renowned for its numerous cannabis operators including the country's largest distribution company, our property presents a remarkable investment opportunity. This 120,000 sqft facility, occupying 8 acres, is not just expansive but strategically valuable. It's fully licensed and operational, with 22,000 sqft dedicated to cannabis cultivation currently. As an owner-user property, it has demonstrated its viability and profitability, appraising for $30 million two years ago, even before construction was completed. Since its completion in 2023, the facility has been thriving, generating over $360,000 a month in gross income.
The goal now is to refinance the existing high-interest debt, currently at a 17% rate, and to unlock additional potential. The proposed loan will facilitate the completion of an additional cultivation area, expected to boost monthly sales to over $500,000. Additionally, the borrower plans to lease out portion of the facility, approximately 60,000 sqft, which will yield an additional $900,000 in annual income. This strategic expansion and refinancing plan not only ensures the sustainability of the business but also positions it for exponential growth, making it an attractive proposition for investors. The California market is experiencing a large renaissance as the industry has matured and long term operators have remained in place.
