Cannabis & Hemp Insurance

Price : $2,300,000
Status : ACTIVE
Size : 24000
Lot Size (Acres) : 1.89
APN : 64023-07-030
Power (AMPS) : 4200
Cannabis or Hemp Use? : Cannabis and/or Hemp
Medical or Recreational : Medical
City Tax Rate : $0.75/square foot
Year Built : 1973 / 2019
Sale Type : Cash, Financing
Utilities : Water, Electricity, Gas, Sewer, Natural Gas, Trash
Company Name : Marcus & Millichap
Phone : 303-905-7219

The Kramer Group of Marcus & Millichap is pleased to present the Exclusive Listing of 1785 North Academy Boulevard, which consists of a 24,000 square foot flex warehouse, situated on 1.89 acres of land. This Class B property was built in 1973 from reinforced concrete, Twin-T Clearspan construction and has friendly PBC zoning. Renovations were made to the property in recent years that consists of: 55% new roof in 2018, 80% of floor space updated between 2014-2019, LED lights, doors & windows, ADA bathrooms, 10,000 amp transformer with 4200 amps, 3-phase capabilities, landscaping, and more. The property is already licensed and permitted for cannabis use and is currently 18.54% occupied to two cannabis-related tenants who operate on NNN leases with an average base rent of $14.20. Potential uses of the property in the cannabis realm include: MMJ grow, cultivation, and non-hazardous infused products. Other potential capabilities include: consumer goods, cold storage, and light manufacturing. There are a total of 66 paved parking spaces in the parking lot due east of the property. 1785 North Academy Boulevard is conveniently located in north/eastern Colorado Springs, right off the heavily trafficked North Academy Boulevard and in-between Interstate-25 and Powers Boulevard.

Contact Listing Owner
Cannabis & Hemp Banking

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