Posted on March 18, 2022 / 184Listing ID: 367982APPLY FOR A REAL ESTATE LOAN

FEATURED

Price : $22,078,491

Size : 61,500

Lot Size (Acres) : 1.15 AC

APN : 034-2304-015-00

Power (AMPS) : 3,000 amps @ 277/480 Volts

Cannabis or Hemp Use Allowed? : Cannabis

Year Built : 1970

Company Name : McKinney Capital

Phone : 858.229.5597

414-420 Lesser St, Oakland, CA
61,500 SF multi-tenant industrial building
Stabilized investment
Highly desirable location for cannabis tenants
Easy freeway access
Just minutes away from dispensaries
Onsite analytical lab, distributors & delivery
Collaborative, recently renovated coworking areas & restrooms
All tenants are cannabis businesses
2″ water supply
Heavy power (3,000 amps @ 277/480 Volts)
Onsite 24-hr security & surveillance cameras
Easy access to SF/Bay Bridge & Oakland International Airport
Instant access to I-880 Freeway & Port of Oakland
4 dock loading positions & 4 grade-level doors
Property-managed facility
ZONING – GREEN ZONE APPROVED: D-CE-6 Central Estuary District Industrial Zone – 6: This zone allows industrial and manufacturing uses, transportation facilities, warehousing and distribution, and similar related supporting uses. Cannabis-related businesses include Type 7 Volatile substances, Type 6 Non-Volatile substances, cultivation, manufacturing, commercial kitchen, laboratory, co-packing, and delivery-only dispensary.
Total Income: $1,931,868
Earnings Before Taxes: $1,489,725
Cash-On-Cash Return: 9.27%
Asking Price: $22,078,491

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61,500 SF Cannabis Industrial Building for Sale in Oakland