Also the value should be higher than original purchase date, as a lot of neighbors are currently selling and building out sights, so should have comps in area. I'm thinking of subdividing into acres to increase value now that's it has a road.
We are planning to build out 5,000 - 10,000 sqft ft building on each parcel. These would be suited for indoor cannabis cultivation, distribution and manufacturing. This land is highly sought after due to its ability to be a type 7 volatile manufacturing facility. The lease rate for these will be $2 - $2.5 a sqft per month plus NNN.
I'm currently working with the neighbor whose developing there land as well. I've designed a 5,000 sqft building for cultivation, distribution and manufacturing in a 3D render, that includes even the most remote details. I've been working with there architect, electrical engineer, and mechanical engineer to design a state of the art facility, that should be completed in November.
The city is extremely cannabis friendly and we have a great relation with the planning commission that consist of two people, that are very easy to get a hold of. So although I have 18 years experience in cultivation and produce yields that are in the top 1% of cultivators, we hoped that by leasing the parcel we could reduce any investors risk...
Mr. Johnson found great success in cultivating medical cannabis Northern California, and transferred his knowledge into a retail hydroponic store at age 22, in Fresno, Ca. After 10 years in the hydroponic retail industry his high level of skill, knowledge, contacts and passion for cannabis lead him to sell his retail store and focus on developing 7.5 acres of state of the art cannabis business center.
Mr. Lock has operated, The Canna Shop, a delivery dispensary for the last year in Fresno/Clovis CA. Through a lot of devotion and research development Alan has been able create a topical cannabis balm known as “Champ” and has successfully placed “Champ” on dispensary shelves up and down the state. It has been a long journey, but the countless testimonials of patients is what really makes the long hours worth it.