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

2 Lewis Rd, Watsonville, CA 95076

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.

Opportunity Details

• 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