Posted on January 29, 2019 / 966Listing ID: 44255APPLY FOR A REAL ESTATE LOAN
Price : $9,000,000
Status : ACTIVE
APN : 062-0120-031
Power (AMPS) : 4000 Amps 277/480v
License Type : Medical & Recreational
Year Built : 2007
Sale Type : Cash, Owner Financing
Company Name : Kidder Mathews
Phone : (916) 751-3624
Email : firstname.lastname@example.org
This investment sale offering is a ±36,000 SF Class A Industrial building built from concrete tilt-up construction, located in the city of Sacramento.
The property has Conditional Use Permits for Cannabis cultivation, manufacturing, distribution, and delivery only dispensary. Currently, ±27,000 SF is leased between two tenants on relatively new 5 year NNN leases. Lease rates are $2.50 PSF + NNN per month. Property can be delivered fully leased prior to the close of escrow. Purchase price is $9MM based on being fully leases and delivered at a 12% Capitalization Rate.