19Listing ID: 249574GET FINANCING
Cannabis & Hemp Insurance
Listing Types : Wanted
Status : OFF MARKET
Company Name : Prime Equity Group
Phone : 928-704-5405

LOCATION: McClary Ave, Oakland, CA 94621

PURCHASE PRICE: $4.3MM + 4%

EXTREMELY OFF MARKET – 11% CAP – 100% Long Term Single Tenant & Fully Occupied Warehouse in Bay Area Green & Opportunity Zone with Excellent Lease Income is now available

Seller would consider Seller Financing with a minimum 40% down payment.

PROPERTY DETAILS AND LOCATION
Building Size: 14,716 sq.ft.    Year Built: 1957
Lot Size: 17,755 sq.ft.     Zoning: IO

• The warehouse is built 1957 is centrally located between highway 880 & 580 for easy     freeway access. The property is walking distance to BART and the Oakland Coliseum.
• Lot size (Per public records) 17,755 sq. ft.
• Three contiguous bays totaling 14,716 sq. ft. (Per previous appraisal)
• Right-hand bay is +/- 4,000 sq. ft. drive-in door enter finished office . +/-14’ ceiling heights .
• Middle bay has drive-in door that opens into large open space; 20’-25’ ceiling heights
• Seven off-street parking spaces
• Located within Green Zone and Opportunity Zone .
• Heavy power 1600 amps 480 volts (to be confirmed)

INCOME DETAILS
100% Long Term Cannabis Single Tenant
Current 5 Year Lease Term Started Jan 2020
Two 5 Year Lease Term Options, Thereafter
3% Yearly Rental Increases
Current Monthly Lease $40,000 NNN.
Security Deposit $180,000

ADDITIONAL INFORMATION IS AVAILABLE TO QUALIFIED BUYERS ONLY

IMPORTANT: 
THIS PORTFOLIO SALE IS OFF MARKET MUST STAY OFF THE MARKET, PLEASE DO NOT LET THIS PORTFOLIO GO VIRAL

THIS IS A PRE-DUE DILIGENCE AND NOT A FORMAL DUE DILIGENCE PACKAGE. ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT AND THE BUYER OPENS UP THE CONTRACTED ESCROW TRUST ACCOUNT WITH THEIR CONTRACTED EARNEST MONEY DEPOSIT, THE SELLER WILL THEN PROVIDE THE BUYER WITH ALL OF THE NECESSARY AND UPDATED  MATERIALS THAT EXIST  IN FORMAL DUE DILIGENCE PERIOD TO CLOSE THIS TRANSACTION. BUYER & SELLER PARTICIPATION MUST BE A TWO STREET.  

Buyers are advised to do their own independent due diligence and research before commuting with the purchase 
 

NOTE: 
             – Price is firm and not negotiable. 

 
PLEASE, NO TRANSACTIONAL  FUNDING.

REQUIRED TO MAKE AN OFFER & FOR FINANCIALS:
1. SIGNED NDA
2. LETTER OF INTENT 
3. POF (BANK OR FUND STATEMENT)….NO EXCEPTIONS!
 

Contact: terri.lee3@aol.com, CA. Broker#01147061

Contact Listing Owner
Cannabis & Hemp Banking
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