PowerPlant Park Richmond, California A Planned Cannabis Agricultural Community & Campus Mixed Light Hybrid Greenhouses for lease to Tenant-Growers & Tenant-Investors in a legal, secure seed-to-sale industrial campus- Situated on 1200 ft. of Richmond’s North Shoreline with sweeping views of San Francisco Bay, Mt. Tamalpias & Marin County Mountains. Presented by: Westland Property Ventures 510-459-5566 larry@westlandpv.com (California Real Estate Broker License 00483233)
Site Location – Park Narrative CENTRALLY LLY LOC OCATED O D ON RICHMOND PARKWAY AY MINU INUTES ES TO HIGHWAY WAY O I-80, I-580, ACCESS ESS TO I 0, I 80, & I-880 80 TWO WO AIRP RPORT RTS LOCAT ATED WITHI HIN 30 MILES ES CLOSE TO TO BART S T STA TATION PUBLIC T TRASP ASPORTATIO ION PowerPlant Park is the first legal project of its kind in the State of California The Park offers craft-growers and canna-investors the opportunity to 22 22 MILES ES TO O immediately secure a legal address required to obtain a State cultivation license DOWNTOW OWN SAN N A lease at PowerPlant Park eliminates the 2+year wait to acquire these FRANCI CISCO CO municipal use permits & state licenses Tenants and tenant-investors leverage the full-service amenities of the campus, including the Park’s processing & manufacturing facility, 2 extraction labs, preroll assembly, and compliant packaging/labeling
PowerPlant Park & Environs Hotel Mac—4 miles from site Richmond San Rafael Bridge 4 miles from site PowerPlant Park Site Richmond Bart Station—2 miles from site Miles to: Oakland-15, San Francisco-25, Santa Rosa-50 ,Santa Barbara-335 SF Bay Area Eureka-265, Los Angeles-390, Richmond Bay Trail—2 miles from site Monterey-125
Solar Farm Site Plan Solar Farm Turnkey Opportunity Full Service Amenities 18.8 Acre Campus
Phase I-A Phase I-B , (shaded)
44,000 sq. ft. State of the Art Processing & Manufacturing Center AMENITIES: Transport from Greenhouse Plant Intake/Bar Coding State Compliant Tracking-Seed-to-Sale Drying/Curing Machine/Hand Trimming Super-Critical CO2 Extraction Lab Pre-Roll Assembly Line At-will Testing Lab, (for plant values, not State compliant) Legal Canna-Kitchen Compliant Packaging/Labeling Transport to Retail by Armored Vehicle Retail Sales of Tenant medicine Thru Storefront/Delivery Service Wholesale Sales thru Network of Ca. Dispensaries Storage in Custom Humidors, (if required)
Tenant & Tenant-Investor Options Greenhouse Shell Includes concrete slab, complete construction. • Canopy for 1,044 plant-sites • Amenities include; rolling tables, automated light deprivation system, air handling and mixing (in separate corridor from flower room), circulation fans, pest prevention systems. Turnkey Greenhouse Includes concrete slab, complete construction, system design/integration Canopy for 1,044 plant-sites Amenities include; 3 options for supplemental lighting (HPS, HID, LED and MH), automated nutrient dozer, rolling tables,3 options for trough and gutter irrigation systems, in-canopy C02 enrichment program, automated light deprivation system, air handling and mixing (in separate corridor from flower room), circulation fans, pest prevention systems and wireless environmental controllers
Solar Power at PowerPlant Park 7.7-acre Solar Farm-boarders Park Site Generating 2 Megawatts of Power Large portions of the Park's property lines are bounded with solar farm Bilateral connection to the PG&E allowing PowerPlant Park to push excess solar energy to PG&E when its battery storage is full Also the ability to pull power from PG&E when Park's solar storage runs low, a de facto back up generator BEFORE AFTER
Building the Park – Financial Highlights PowerPlant Park has secured all of the financing to complete the buildout of Phase I-A. Thus far the company has raised $2.4MM to obtain state & municipal approvals Submission of 1st set of completed Site drawings to the City of Richmond in May , 2017. Completed 2nd and final submission to Planning Dept. & DRB in August 2018 1st Year Gross Revenues estimated at $3.1MM City unanimously approved 1st Year Cost of Operations estimated at $1.6MM PowerPlant Park’s Conditional Use 1st Year Gross Profit approx. $1.5MM Permit & full entitlements incl. DRB approval on 4-18-19 Both Options offer sales of finished medicine thru PowerPlant Park’s Flagship Retail Store & 9 County Delivery Service, The company has hired its general BayAreaLeaf opening Q-3, 2019 contractor & will submit civil construction drawings to the building dept. on 5-25, break ground soon after with Phase I occupancy to begin 8-31-19 Our Nursery, Model Greenhouse & Solution Ctr. that will include a Sales Showroom, Tasting Room, Extraction Lab & Education Ctr. will open under temporary power in July, 2019
MAI Appraisal-June 2019 EFFECTIVE DATE: April 22, 2019 DATE OF REPORT: May 22, 2019 PREPARED FOR: Devine Development Corp PREPARED BY: The Property Sciences Group Inc. The date of the Prospective Value upon Entitlements is April 18, 2019. The date of the subject property being granted its CUP and land-use entitlements for the development. This value includes the 4.42 acres of leased land, as we assume the exclusive option to purchase will be executed when the CUP is received. As a result of our study and investigation, we conclude that the estimated Prospective Value upon Entitlements of the subject property's Fee Simple Estate predicated on an estimated exposure time of up to 12 months, as of April 18, 2019, is $23,400,000. PROSPECTIVE VALUE UPON ENTITLEMENTS Twenty-Three Million Four Hundred Thousand Dollars ($23,400,000) The Property Sciences Group, Inc. PROSPECTIVE STABILIZED VALUE: Thirty-Six Million $36,000,000 – Phase I-A
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