434
Price : $9,000,000
Listing Type : Investment Opportunities
Status : ACTIVE
Price for Rent : 2.50 PSF
Size : 36,000
Lot Size (Acres) : 1.56
APN : 062-0120-031
Power (AMPS) : 4000 Amps 277/480v
Medical or Recreational : Both
Year Built : 2007
Sale Type : Cash, Owner Financing
Utilities : Water, Electricity, Gas, Sewer, Trash
Company Name : Kidder Mathews
Phone : (916) 751-3624

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. 

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