Medical-use cannabis facilities avilable for acquisition
The following projects, are the major/minor top picked projects Emerald Thumb Industries are doing due diligence and/or have LOI’s in place and the company is beginning the process to get the project in a position to finally pull the trigger on acquisition.
The projects were strategically selected based on the positive income over expenses analysis projections done by our internal Strategic Planning Review Team and our Accounting/Finance committee. Also, based on the positive cash flow position ETI would established and maintain, based on completion. A strategic plan to initially begin work on projects that cover Real EstateMarketing/Financial / Distribution & Manufacturing / Cultivation - Indoor & Outdoor, has been established and a proper balance of projects covering these areas will be maintained.
If selected, Emerald Thumb Acquisitionswill go on to fund and manage projects out of the list below.
3 ACRES OF LICENSED CANOPY IN PASO ROBLES
San Luis Obispo County, CA, USA
City: San Luis Obispo County
Offer type: For Rent
Building Sqft: 150,000
Lease Rate: $0.75/ SF or $32,670 / acre / month
2 acres left!
Looking for operator to lease cultivation
Conditional Use Permit (CUP) for 3 acres of outdoor cultivation and one-half acre of mixed light cultivation (roughly 150,000 square feet of canopy)
Several potential deal structures that can be entertained
Offer type: For Sale
Building Sqft: 12,000
Property Type: Cultivation , Distribution , Manufacturing
The property (including all four buildings) have a CUP from the city for cannabis cultivation, distribution and extraction.
There are four 12,000 sqft buildings totaling 48,000 total sqft.
2.5% interest rate on a predicted $2.5 million first trust deed with 17% cap rate.
Monthly payments of interest
In about 2.5 years, the two back building will be vacant.
When the two back units are vacant it will be a 20% cap rate if rented at the same rate as the two front buildings.
The assumable $2.5 million loan comes due when the two rear units are vacant.
Building A is a 5 year lease with three five year options leased at $2.25/sqft which is $27,000/mo NNN.
Building B is a 3 year lease expires July 2021 which is also $2.25/sqft equaling $27,000/mo NNN.
We are in the process of completing a condo map which will give a total of 8 buildings on the property which has a huge upside.