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California  + Inland Empire  + Industrial  | 

Cannabis Cultivation Facility Claimed in Desert Hot Springs

NAI Capital completed a $7.76-million investment sale of a net leased cannabis cultivation facility located at 13310 Little Morongo Rd., Building 2, Unit B in Desert Hot Springs, CA. The unique 32,370-square-foot industrial condominium was leased to Zenco, a cannabis cultivation company, through 2025.

The industrial condo is comprised of a state-of-the-art indoor cultivation and processing facility, built in 2018. The property is located in the Southern California Cultivation Park, a newly-developed business park in the city of Desert Hot Springs that caters to the cannabis industry. The business park rests on a roughly 7.91 AC parcel.

NAI Capital’s Rosaleen O’Sullivan represented the seller, Snider Interests LLC, and the buyer, Ten Tree Properties LLC, in the transaction.

O’Sullivan says, “We saw an opportunity to market this unique investment opportunity to a wide range of investors and received a great response. We ultimately negotiated a record price per foot with highly competitive terms through a competitive bidding process and a creative deal structure.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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