3210 Peace Portal Dr, Blaine, WA

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Osborn Miller
5 years ago
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State of the Art Tier 2 Marijuana Facility

$2,700,000 FOR LEASE: $16,000/mo NNN 9,055

32 Acres for Future Expansion Blaine Power

Building Design All Equipment Included in

1 State of the Art Tier 2 Marijuana Facility 3210 Peace Portal Dr, Blaine, WA FOR SALE: $2,700,000 FOR LEASE: $16,000/mo NNN 9,055 SF Custom Design Building 3.32 Acres for Future Expansion Blaine Power 6% Less than State Ultra Efficient Building Design All Equipment Included in Sale 4,868 SF of Canopy Space Built in Lab for Vape Production

The property is fully fenced and approved by the WA State Liquor and Cannabis Board. The sale does not include an active Tier 2 Producer/Processor License.

2 THE OPPORTUNITY This opportunity is ideal for an established grower that is looking to move into a larger and more efficient growing facility. The sale price of $2,700,000 or lease rate of $16,000/mo + NNN includes the entire building and extra building lot. Additionally, the offering includes use of all the equipment on the facility. The property is fully fenced and approved by the WA State Liquor and Cannabis Board. The sale does not include an active Tier 2 Producer/Processor License. - Built 2015 with complete engineering and architectural planning at a cost of $2.05 million plus land costs - 8,747 SF main floor + upstairs - Front office, two bathrooms, two showers, break room, laundry, packaging room, propagation room, vertical grow, veg room, two flowering rooms, water/irrigation room, laboratory, security room, quarantine room, utility closet plus work room upstairs and a storage room upstairs - 55,272 SF lot - 12 paved parking spaces - Landscaping with irrigation & onsite composting - The building is completely equipped for propagation, growing, harvesting, curing, processing, and packaging Controlled Grow Environment - Autogrow- automated lights, CO2, irrigation/fertigation with complete monitoring & alarms - HVAC- separate closed ducted systems for flowering rooms (40 ton) and veg room (20 ton) - CO2- automatically enriches air from bulk tank (not included) into recirculating system - Lighting- wired for 124 1,000 watt lights in flowering rooms; 48 1,000 watts in veg room - Irrigation- quick coupling for each table, 12 zones, HVAC recycled condensate, auto mixing

3 THE GROW The grow is designed to use its space intensively and generate large revenues with 4868 SF of potential flowering space. Most grows only have plant canopy covering about 80% of the flowering space, which, in this facility, would be around 3840 square feet of canopy. Using an estimated industry average yield of 40 grams per SF (reported by BOTEC Analysis Corporation(1)) and a typical flowering cycle of eight weeks, this facility would produce 77 kg of flower per month. Near the high end, BOTEC s typical best yields would produce 115 kg or more per month. The most recent market data from WA (Oct 2017) indicates that the statewide average wholesale price per gram of flower was $2.51 according to publicly available traceability data (topshelfdata.com). This average price includes outdoor, greenhouse, and indoor flower. When looking at comparable high quality indoor flower, such as SubX, quality indoor flower consistently sells for $4.50 per gram. At the average price of $2.51/g and average yield of 77 kg/month a reasonably successful grow with this production would generate around $200k per month in revenue, while if both production and sales price are near the high end over $500k per month would be generated. (1)

The large flowering rooms are 1,456 SF which could each have a canopy of 1165 square feet (at 80% utilization) requiring 46 to 70 kw per room.

4 THE GROW CONTINUED Adequate lighting is essential for a grow and there is far more than enough electrical power in each room for lighting. Industry publications(2) indicate that when using standard high pressure sodium vapor lights, 40 to 60 watts per square foot is optimal. The large flowering rooms are 1,456 SF which could each have a canopy of 1165 square feet (at 80% utilization) requiring 46 to 70 kw per room. Each room has 200 amps of 277/480 volt 3 legs service which can provide around 165kW of service. Each room has approximately 45kW for its AC unit, 62kW of existing lighting, and 58 kw of unused capacity yielding an optimal 53 watts per square foot of canopy. The slightly smaller room (1,508 SF previously used as a veg room has the same power capacity and 48kW of existing lighting. This three flowering room set-up would be feasible using the sea of green growing technique, now the industry standard. The 514 SF Vertical and Mom/Clone rooms could be reconfigured, adding shelves and lights, to supply the flowering rooms with the ~64 juvenile plants per day required. Equipment in the grow is well integrated and efficient. The AutoGrow with its associated control switches, pumps, storage tanks, and plumbing controls or monitors the lighting, temperature-humidity, CO2, and assists with fertilizing and irrigating to help insure consistent optimal yields and to reduce labor costs. Each grow room has a large AAON AC system rated at 25 tons, more than sufficient for handling the heat and humidity generated. AAON condensate water from grow room humidity reduction is recycled for the grow after treatment. Additionally a 110 to 155 liter per day dehumidifier is mounted to the ceiling of each potential flowering room adding more flexibility to each room. The water and curing areas supply another 1,037 SF for harvesting, curing, transplanting juveniles, and pre-packaging. (2) for example

THE LAB/PROCESSING The 512 SF lab or processing room is well equipped with electrical power, AC, ventilation, and equipment.

A fume hood with an explosion proof blower, a regulatory compliant CO2 monitor system, and a powerful CO2 exhaust fan are essential for lab safety.

A CO2 transfer pump with plumbing and pad for an outdoor 2000 liter microbulk tank (rented from AirGas) conveniently supply liquid CO2.

Eden Labs winterizing kit and miscellaneous items allowed the lab to process up to 10 pounds of marijuana per run into high quality hash oil.

5 THE LAB/PROCESSING The 512 SF lab or processing room is well equipped with electrical power, AC, ventilation, and equipment. The lab has its own panel of 200 amp three phase 120 volt service which also supplies 208V when the phases are combined. A fume hood with an explosion proof blower, a regulatory compliant CO2 monitor system, and a powerful CO2 exhaust fan are essential for lab safety. The 20 Liter Eden Labs CO2 extractor with collection cup includes all needed equipment: the compressor and air handling (dehumidify/filter), water tanks with heaters, and CO2 tanks and scales. A CO2 transfer pump with plumbing and pad for an outdoor 2000 liter microbulk tank (rented from AirGas) conveniently supply liquid CO2. The three stainless steel tables, multiple sinks, and emergency eyewash, one two-door freezer, two top loading freezers, a beverage cooler (used for processed oil), chiller with reservoir and pumps, Eden Labs winterizing kit and miscellaneous items allowed the lab to process up to 10 pounds of marijuana per run into high quality hash oil. The extractor can handle several times the trim grown in the building, so relatively inexpensive outdoor trim can be purchased and extracted as well. While the extractor can be run many different ways, changing yields and product, the standard ~8 hour extraction of average quality trim yields of ~350 to 500 grams of raw extract (~9-12% yield)(3) which can then be optionally winterized for a final yield of 8-9%, and typically sells to retailers for $7 to $15 per gram, (4) depending on product type and container. Continuously run, this lab could produce around 30 kg of winterized CO2 extract per month, with a market value of around $210k to $450k. With other equipment this lab can also produce ethanol extracts and distillate. An efficient setup can process as much as 50 lbs per day with a yield of 6-8%. Currently distillate sells for $10-15 per gram, or $10-13 per half gram when in a cartridge. This added capacity could produce 30 kg of distillate per month, with revenues of $ k+. (3) Eden Lab reports 15-20% possibly from bud; (4) Industry pricing taken from

PACKAGING Good packaging and marketing are necessary to get full value for the products, and this facility

Packaging and labeling is closely regulated and special equipment is needed to do it efficiently.

air compressor, very useful for filling cartridges and pucks.

6 PACKAGING Good packaging and marketing are necessary to get full value for the products, and this facility provides over 470 square feet of dedicated space. Packaging and labeling is closely regulated and special equipment is needed to do it efficiently. Ordering large volumes of packaging material is far more cost effective and the second floor has been very useful for storage. Most of the packaging is done on the first floor which includes the Wiscoo extract dispensing machine and air compressor, very useful for filling cartridges and pucks. Labels are created on the computer and printed by four label printers and two scanners are used to read labels. Four certified weight scales are used in the grow, processing, and packaging. In addition to packaging buds, cartridges, and dabs in pucks, packaging has produced pre-rolls and other enhanced products.

SUPPORT ROOMS Additional rooms are critical to the operation of all portions of the business.

The break room includes a sink, cabinets, refrigerator, and a microwave to help avoid leaving the building and showering/ changing again.

A number of telephones are located throughout the building and cell phone service is enhanced by a booster located upstairs.

7 SUPPORT ROOMS Additional rooms are critical to the operation of all portions of the business. Lockers, laundry facilities, and two showers allow grow workers to avoid plant pest and disease contamination by showering and changing to clean clothing. The break room includes a sink, cabinets, refrigerator, and a microwave to help avoid leaving the building and showering/ changing again. The office includes cabinets, computer, telephone-answering machine, the building alarm, and front gate intercom and controls. A number of telephones are located throughout the building and cell phone service is enhanced by a booster located upstairs. The Quarantine and IT/Records rooms are constructed of reinforced concrete with steel doors and frames. The IT equipment provides views and records all 57 cameras covering the entire exterior and the interior (except the attic storage) as required by law. The equipment also provides networking and internet service for the six computers throughout the building as well as Wi-Fi. The alarm system monitors the four exterior doors, and the access control system secures the eleven doors with magnetic locks and wireless entry cards, allowing selective access. Fire extinguishers, exit signs, fire barriers, and other features were designed to meet all codes and with approval of the fire marshal. A six foot fence topped with barbed wire and 24 hour lighting of the parking lot and landscaping provide extra security.

8 THE OFFICE/BREAK ROOM

commercial building. The city of Blaine has said they would be happy to have the lots combined.

9 FUTURE EXPANSION POTENTIAL The adjacent lot is 1.18 acres which after permitting could have another 38,300 SF available for greenhouses or a commercial building. The city of Blaine has said they would be happy to have the lots combined. Two wired conduits stubbed out adjacent to the lot are wired into the master transformer for 277 volts, three legs, and 200 amps each (total ~332 KW).

HVAC & UTILITIES Comprehensive Utilities HVAC: 3 Trane units, 3 25-ton AAON units and 1 ductless system.

Septic system, water recycling, and storage tanks Security Internet connected alarm system with exterior door and

building Complete wired video cameras coverage with local storage and internet connectivity Security gate with a 8

10 HVAC & UTILITIES Comprehensive Utilities HVAC: 3 Trane units, 3 25-ton AAON units and 1 ductless system. Two 480V 1700A three phase and one phase electrical panels Pad and hook-ups for micro bulk CO2 tank Natural gas Septic system, water recycling, and storage tanks Security Internet connected alarm system with exterior door and motion detectors ~10 heat/smoke detectors Steel Doors with network controlled RFID access at key locations in building Complete wired video cameras coverage with local storage and internet connectivity Security gate with a 8 fence topped with barbed wire Reinforced cinder block/concrete walls for computer and inventory/quarantine rooms Exterior and parking lot lighting

11 Approximate Space in Building (in feet and square feet derived from blueprints) Room Length Width Area (sq.ft.) Notes Flowering A Flowering B Veg. or Flowering C Vertical Grow Mother/Clone Total Grow Space 5982 At 100%, typical ~80% usage Drying/Curing Water/Harvest Water Hall Water Hall Total Grow Business 7019 Packaging First Floor Mezzanine Packaging ~ ~ 280 No AC or Heating Total Packaging Business 472 Lab/Processing Business Office Break/Locker ~27 ~ Bathroom Bathroom Shower Shower Product Quarantine Closet Security/IT Closet Utility/Waste Closet Stairs Total Miscellaneous 830 Attic Storage 224 No AC or Heating Total 1 st Floor Useable sq.ft. foundation Total 2 nd Floor Mezzanine 504 No AC or Heating Total Space (1 st &2 nd ) sq. ft. foundation + mezzanine

12 Electrical Service (W- wires, -phase/legs, V-volts, A- amps, KVA- kilovolt amps) Location Panel Service V-1 leg Circuits (breakers) Rooms Serviced Outside Master 4W,3 x1600a 277 3x277V 200A;277V 300A;277V 400A A, B, C, Transf,Spare Flower A A 4W,3 x 200A 277 1x80A 3leg; 8x20A 3 leg; 4x20A 1 leg AAON 1 & Flwr A Flower B B 4W,3 x 200A 277 1x80A 3leg; 8x20A 3 leg; 4x20A 1 leg AAON 2 & Flwr B Veg/FlwC C 4W,3 x 200A 277 1x80A 3leg; 7x20A 3 leg; 4x20A 1 leg AAON 3 & Veg Outside Transf 4W,3 x 200A KVA transformer Panels a,b,c,c1 Utility Closet a 4W,3 x 200A 120 1x60A 2 leg; 4x20A 2 leg; 14x20A 1 leg Water,Halls,120V Flwr&Veg Lab/Process b 4W,3 x 200A ,50,&20A 3leg;5x20A 2leg;14x20A 1leg Lab, IT, Quarantine Drying Room c 4W,3 x 200A 120 3x30A&1x20A 3leg;3x20A 2 leg;25x20a 1 leg Drying, Trane AC units Attic Storage c1 4W,3 x 200A 120 Sixteen 20A 1 leg Office, Break, baths, East Conduit Spare 4W,3 x400a 277 Additional power for West Road Lot Heating, Cooling, Dehumidification Location Unit Model Capacity Rooms Serviced Outside NE of Bldg AAON 1 RN EB TON Flowering A Outside NE of Bldg AAON 1 RN EB TON Flowering B Outside NE of Bldg AAON 1 RN EB TON Veg and Vertical Grow Outside SE of Bldg Trane AC XR-17 4TTR 7024A1000AA 2.5 ton Drying Outside SE of Bldg Trane AC XR-17 4TTR 7060A1000AA 4.5 ton Office, Break, Water Outside SE of Bldg Trane AC Odyssey TWA 090D30RAA 7.5 ton Lab Outside West of Lab Mitisubishi Minisplit Mr.SlimR410, PUZ-A18NHA4 1.5 ton IT Room Ceiling of Flower A Quest Dual 155 Dehumidifer 155L/day Flowering A Ceiling of Flower B Quest Dual 155 Dehumidifer 155L/day Flowering B Ceiling of Drying Quest Dual 110 Dehumidifer 110L/day Drying Room

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