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40,000 sf warehouse facility (vacant) plus 17k Cannabis Cultivation Income on 2.67 acres at 1025 98th Ave., Oakland, CA

1025 98th Ave, Oakland, CA, USA
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  • Cannabis Real Estate Listings | Cannabis Warehouses and Industrial Buildings For Sale
  • Cannabis Real Estate Listings | Cannabis Warehouses and Industrial Buildings For Sale
  • Cannabis Real Estate Listings | Cannabis Warehouses and Industrial Buildings For Sale
  • Cannabis Real Estate Listings | Cannabis Warehouses and Industrial Buildings For Sale

Listing ID : 602568

Listed On August 14, 2023 View Count 27

Listing Updated August 14, 2023

Price :
$19,900,000
Cap Rate:
6.00%
Business Overview :
License Details :
Business Location Details :
Cannabis or Hemp Use:
Cannabis Only, Hemp Only
City Cannabis Tax Rate:
1.3% Property%
Size:
58,960 Sq. Ft.
Lot Size:
2.67 Acres
Power:
3,400 AMPS
Utilities:
Electricity, City Water, Solar, Sewer, Garbage
Year Built:
1970
Terms :
Financing:
Cash, Owner Financing
Company Overview :
Description :

Property for Sale on 2.67 acres

A.    39,830 sf warehouse, plus 1,000sf of office to be vacant at close of escrow

         5 grade level doors, 2 interior docks and 3 covered dock high bay

B.     17,340 sf warehouse leased through 1/31/25 + 5 year option

         Annual rent is $482,443 NNN

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