📍 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.