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📍 Watsonville, California

🌿 Monterey Bay Greenhouse Megasite | 1.8M SF | Income-Producing | 80 Acres

Investment Highlights

• 1,800,000 SF of greenhouse infrastructure — one of the largest greenhouse footprints on Monterey Bay
• ~100,000 SF of support facilities including office, packing, cold storage, and shipping operations
• ~80-acre total site with fully built-out agricultural improvements
• ~50% leased providing in-place income and downside protection
• ~6,500 amps of PG&E power — rare large-scale electrical capacity
• Robust natural gas service supporting high-efficiency cultivation operations
• Engineered for year-round, high-value crop production
• Located in Watsonville’s premier coastal agricultural corridor
• Institutional-scale asset with both operational and redevelopment upside
• Ideal for controlled-environment agriculture, cannabis conversion, or long-term hold

Executive Summary

The Kitayama Brothers Greenhouse Property presents a rare opportunity to acquire one of the largest and most established greenhouse operations along the Monterey Bay coastline. Positioned just west of Watsonville, this institutional-scale agricultural asset spans approximately 80 acres and is fully improved with 1.8 million square feet of greenhouse infrastructure designed for year-round, high-output cultivation.

The property is supported by significant utility infrastructure, including ~6,500 amps of electrical capacity and strong natural gas service, making it exceptionally well-suited for modern controlled-environment agriculture or potential cannabis-related operations where permitted. Existing improvements also include ~100,000 square feet of operational facilities, enabling seamless logistics, processing, and distribution.

From an investment perspective, the asset offers immediate income stability, with approximately 50% of the property currently leased, generating net investor income. This creates a compelling blend of yield and upside, allowing a buyer to either expand operations, reposition tenancy, or capitalize on long-term appreciation in one of California’s most productive growing regions.

Opportunities of this scale, infrastructure quality, and coastal location are exceedingly rare, positioning this offering as a flagship agricultural investment with institutional appeal.

Property Overview

• Property Type: Agricultural / Greenhouse Facility
• Subtype: Controlled Environment Agriculture (CEA)
• Total Size: ~1,900,000 SF Improvements
• Land Area: ~80 Acres
• Greenhouse Area: ~1,800,000 SF
• Support Facilities: ~100,000 SF (Office, Packing, Cold Storage, Shipping)
• Power: ~6,500 Amps (PG&E)
• Utilities: Natural Gas Infrastructure in Place
• Occupancy: ~50% Leased
• Income: In-Place Net Investor Income
• Price: $19,500,000
• Ownership: Fee Simple

Location Advantage

Situated along the Monterey Bay coastline near Watsonville, this property lies within one of the most productive and climate-advantaged agricultural regions in the United States. The area benefits from coastal temperature stability, strong labor access, and proximity to major California distribution channels, making it a premier location for high-value crop production and scalable agricultural operations. Its strategic positioning further enhances long-term value for both traditional agriculture and emerging controlled-environment uses.

Chuck Allen Keller Williams Realty - Santa Cruz

About Chuck Allen

Chuck Allen has been a full time real estate sales, development and management professional since 1969. His knowledge and experience spans the Agricultural, Industrial, Commercial and Hospitality industries. In 2012, he was ranked #172 among Wall Street Journal's Top 200 Real Estate Producers in the U.S. and is continually among Keller Williams Realty's highest producers. In 2015 he was highest grossing REALTOR® in KW Commercial and the highest producer in the United States in 2014, with the most individual units sold of any KW agent.

Chuck has a BS in Agricultural Business Management from Cal Poly, San Luis Obispo and has served on many boards and associations, including the Watsonville Food Processor's Association (10 years), Accor Hospitality Corporation, National Advisory Board (7 years), Calif. Regional Water Quality Control Board, Region 3 (17 years), Santa Cruz County Visitor Convention Council (4 years), Salvation Army Advisory Board (22 years), Pajaro Valley Rescue Mission (Director), Teen Challenge Monterey Bay (Director).

Give him a call today at 831.818.1069 and see why so many people trust and prefer to work with Chuck Allen.