Real Estate Opportunity
Property Overview
Market Value: $2.5M-3.5 Current $3.5M-4.5 When Completed
Size: 27,000 sq ft on 1.2 acres
Location: Portland, Multnomah County, Oregon
Discover an exceptional investment opportunity in Portland, Multnomah County, Oregon.
This 27,000 sq ft property on 1.2 acres boasts a market value of $2.5M-3.5M and is strategically located within a pro-cannabis state and county.
Cannabis cultivation is approved with a LUCS (Land Use Compatibility Statement), making it ideal for industry-related businesses. The property offers easy access to the Portland labor market and local suppliers, situated on a main thoroughfare with prioritized utility services due to its proximity to airport infrastructure.
Recent improvements have enhanced the property's value, including significant upgrades to the building's structural integrity, plumbing, cultivation facilities, data and control systems, energy efficiency, and security. Additional amenities such as a brand-new kitchen and exterior storage options make this property a turnkey solution for your business needs.
With a lease revenue potential of $15k-20k per month, this property presents a lucrative opportunity for investors. Contact us today to schedule a viewing and explore the potential of this outstanding commercial real estate offering.
0.8 Megawatts of Power
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Existing 225 KVA, 1200 amp, 280v three-phase power
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Additional 50 KVA, 240v single-phase power for auxiliary needs
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Building permits in process for 500 KVA, 800 amp, 480v three-phase power upgrade (Estimated completion: Oct 2024)
On-Site Power
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Pro-Cannabis State and County
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Cannabis cultivation approved with LUCS (Land Use Compatibility Statement)
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Within the City of Portland, access to the Portland labor market
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Located on a main thoroughfare, easy access to local suppliers and businesses
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Part of the main industrial power grid with prioritized utility services due to proximity to airport infrastructure
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Unlimited clean municipal water supply
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Access to public transportation
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Parking for 30+ vehicles with loading docks on east & west sides
Strategic Location
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New reflective white Firestone TPO roof with 4” R24 insulation on the entire building and reinforced structural beams
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New gutters, flashing and parapet walls
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Wooden support beams upgraded to tubular steel
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All security corridors lined with 15’ high ¾” OSB glued & screwed behind drywall
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Refinished lot entrance with embedded gate sensors and motorized security gate
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Exterior foundation coated with 6 ft deep waterproof sheeting and backfilled with a 3 ft trench of drainage stones
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Dug up old broken concrete pad and re-poured over 9,000sqft of new concrete flooring
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Over 7,000sqft of High-reflective white industrial epoxy floor coating
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City compliant parking lot dumpster drainage system
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Exterior walls reinforced with new structural components, re-sealed, and painted
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Facility-wide HVAC condensation water reclamation system
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29 high-efficiency HVAC systems installed throughout the facility
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All exterior walls upgraded with blown-in R34 fiberglass insulation
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New bay door- insulated steel with reinforcement bars
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Liftmaster Elite 8500w direct drive opener with electric slide lock
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Ceiling unistrut mounting infrastructure throughout facility
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New high security service doors
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Multiple high pressure air shower rooms for IPM control
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4x8 high clearance doors to all cultivation areas
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8 ft perimeter security fence with barb and razor wire and 360-degree site surveillance & lighting
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New exterior security doors
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Exterior walls reinforced with 11-gauge plate steel for enhanced security
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Embedded gate sensors and motorized security gate
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Pre-wired for 120 Camera Surveillance system
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All doors Pre-wired for full biometric or key card access control
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Multi-zone alarm system with interior motion sensors
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Installed main 800 amp distribution panel with upgraded high power copper bus
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Three new 480v to 208v 150kva and two 480v-208v 75kva power transformers
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Installed 27 new breaker subpanels including 24 industrial bolt-in panels featuring copper buses
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12,000+ feet of ¾ EMT pipe added for maximum flexibility
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Upgraded all fixtures to energy-saving LEDs
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Four new 200Amp 3 phase lighting distribution contactors for alternating light cycles
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Custom panelized contactor control systems for cultivation power sub-distribution
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Dedicated 277v lighting panels and 208v general panel in every grow room
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Tie-in for future backup generator
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Dedicated switched circuits for system pumps, ceiling lighting, ceiling fans, wall fans, upper outlets, lower outlets, general receptacles, bug zappers, and green lights.
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Ceiling mounted Carrier 80,000 BTU natural gas furnace with 36,000 BTU condenser in water storage garage.
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370,000 BTUs of ceiling mounted mini split heat pumps throughout the facility
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720,000 BTUs of cultivation cooling
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4206 Pints of Quest Dehumidification
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2-stage UVC Germicidal air purifiers with ProCell Ionization technology in the cultivation air conditioners
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Upgraded main sewer lines from 3” to 4”, added a sampling vault for water testing
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Replaced 400 ft of 1” iron pipe with 1.5” burst-resistant Propex underground for main water supply
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5-stage reverse osmosis water filtration system with UV sterilization and 5,000 gallons of continuous storage
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Facility-wide Plumbing sterilization injectors installed
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5 outdoor potable water taps with hose reels for outdoor maintenance
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Entire facility and all individual rooms outfitted with:
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1.5” treated water distribution lines with high flow output lines
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Treated hot water cleaning taps
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2” reverse osmosis distribution piping with high flow fill lines
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1.5” fertigation distribution systems with automatic solenoids and high flow automatic fill stations
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Reverse osmosis humidification distribution system to provide clean water for humidifiers
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Fully remodeled state-of-the-art cultivation rooms with powder coated Unistrut mounting systems
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Hoist-ready custom Unistrut lighting rail system
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16 sump pits and sewer tie-ins for irrigation and drainage designed for easy sterilization from waterborne pathogens
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Ultra high-grade industrial waterproof epoxy on walls and floors
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1500 lb facility-wide low-pressure CO2 distribution system with heat exchanger
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Roof mounted chillers totaling 20,460 BTUs of cooling power with connections for more
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Muti-zone high pressure mist humidification system (FogCo)
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TrolMaster grow controllers in every room
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Custom made 3x32 industrial rolling rack systems with custom 3x8 injection molded trays with floating macerating pump drainage system
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Dedicated switched under canopy fans
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Open Sprinkler Irrigation controllers in every room with pressure compensating Netafim drip systems
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Multi-channel HPS and CMH mixed lighting grid system
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Over 50,000 linear feet of data and control cabling installed throughout the facility with high-tech sensors and controls
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Facility-wide overflow sensors with water pump interrupt system’
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Facility-wide Control4 automation system
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Brand new kitchen installed with appliances
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New 19’ x 35’ exterior storage shed with plumbing and electrical
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Three custom-built Conex containers for additional exterior storage surrounded by 4 ft retaining wall with drain pipes for a recessed, level foundation
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Click below to expand details...
Research Lab 3
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Facility-wide HVAC condensation water reclamation system
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29 high-efficiency HVAC systems installed throughout the facility
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Upgraded all fixtures to energy-saving LEDs
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New reflective white Firestone TPO roof with 4” R24 insulation on the entire building and reinforced structural beams
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All exterior walls upgraded with blown-in R34 fiberglass insulation
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ADA compliant
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2 treated eyewash stations for operational safety
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All necessary emergency lighting & exit door indicators