ASKING PRICE: $14,100,000 ($300/SF)
*** 17% Cap Rate ***
WeCann is excited to present this unprecedented investment opportunity within the Cannabis Industry. Take ownership of an incredible cannabis property that is currently tenanted by one of the biggest cultivators in the nation.
This operational, large-scale, indoor cultivation facility is furnished with state-of-the-art equipment with 47,000 SF of usable space. Included in the sale are the licenses, permits, and equipment which were all provided by the Seller for the Tenant’s use and are included in the premium rents. A Buyer will be shielded from market volatility with such a trusted and well-known tenant tied into a long-term lease.
Highlights
- Lease Rate: $200,000/Month
- Term: 3.5 years remain;
- 2, three-year renewals
- Tenant willing to extend the term
- Tenant: well-known cultivation brand
- Currently Operational
- Buyer to Confirm Power
- 2500 AMPS / 3 Phase / 480v
- New Construction
- Located in a secure guarded and gated cannabis campus
Portfolio Opportunity
17451 Muskrat can be included as part of a portfolio sale with one additional building which is currently permitted for cannabis cultivation. The vacant facility is newly constructed and located within the same cannabis park as 17451 Muskrat. This building is a great opportunity for any large-scale operator looking to expand their business and take advantage of the low tax rates available in Adelanto!
Term of Purchase
- Asking price:$14,100,000 ($300/SF)
Jason Piazza – License# 01405965 – WeCann
