21% Cap Rate - Cannabis Cultivation & Distribution Biz Op

Olympia, WA (Thurston County)

Vegetation Room
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Asking Price: Get Financing: $6,000,000

Cash Flow: N/A

Gross Revenue: $2,345,407

EBITDA: $1,268,819

FF&E: $1,800,000

Inventory: $250,000

Lease Rate: $5.06 /SF/Year

Established: 2016

21% Cap Rate - Cannabis Cultivation & Distribution Biz Op

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Business Description

This location is the holder of a WSLCB Tier 3 Marijuana Producer/Processor license. Tier 3 allows up to 30k s.f. of plant canopy. Currently being run as a hi-tech, hi-efficient, automated, low-employee cultivation facility. It has proven it can produce high quality flower at scale and low cost – but this facility can be so much more!

The Tier 3 license also allows for processing, extraction, packaging and distribution, which has not been implemented at this location. With 12,800 s.f. of expansion capability already designed, engineered and previously permitted, this location can become a powerhouse processing and distribution facility.

The asset is ideal for a national brand wanting a foothold in the Seattle and Washington market. This asset is a launching pad for the cultivation and distribution of proprietary strains to control every aspect of brand quality up through the supply chain and delivered to the dispensary.

This is an opportunity to build scale quickly and become the dominant player in the state of Washington.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
29,500
Lease Expiration:
8/31/2026
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
FACILITY HIGHLIGHTS Power: 2000 amp, 480v, 3-phase New boiler/chiller & CO2 system Large 6900 s.f. vegetation bay Four – 2112 s.f. grow rooms Clone room – 200 s.f.; Drying room – 1000 s.f. Separate men’s and woman’s locker rooms and rest rooms Offices, storage and break rooms. Climate and humidity control system – 4-pipe system Hove International – racked grow tables Automated lighting controls – Nanolux programmable lamps Argus Controls - Automated nutrient delivery system Water filtration and reclamation system 12,800 s.f. expansion ready to with plans, engineering, specs and permits.
Competition:
Currently most cultivation facilities in Washington do not process, package and distribute their flower. However, there are several competing distributors who have reached varying degrees of scale and success. Artizen Cannabis Company - http://www.artizencannabis.com/ NW Cannabis Solutions - http://nwcs425.com/ Phat Panda - https://phatpanda.com/ BMF - http://bmfwa.com/ Cowlitz County Cannabis - https://www.cowlitzcountycannabis.com/ Harmony Farms - https://www.harmonyfarmsnw.com/home . . . Based on our research, the distributors in Washington are all selling their “homegrown” brand of cannabis with varying degrees of success. Currently there no national brands with any significant market penetration in Washington. This is a market opportunity staring a new buyer in the face. The ability of a national brand to create consumer pull at retail counter in Washington is available for the taking. For the sophisticated, well-capitalized buyer, the Cascadia asset will deliver a one-two-three-four punch to knock out the competition and dominate the Washington market. Cultivation, processing, packaging and distribution. Call today to discuss synergies and the terms of a successful transaction.
Growth & Expansion:
The facility is designed and engineered for an additional 12,800 s.f. of space that can be used for cultivation, extraction, processing, packaging and distribution.
Support & Training:
This location currently utilizes the recreational cannabis services platform offered through Zen Organization Inc and its subsidiaries to manage the facility and provide distribution of its products. Zen Organization Inc has been active in the Washington cannabis markets since 2016 and is a resource that the buyer can use, if desired.
Reason for Selling:
Capital Redeployment
Business Website:
http://www.kindrealtyinvestments.com
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Contact the Seller

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Peter Ingersoll, CCIM

Business Listed By:
Peter Ingersoll

SperryCGA - KIND Realty Investments

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB).

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