Posted on March 6, 2021 / 351Listing ID: 250226GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
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Price : $4,200,000
Listing Types : Cannabis & Hemp Real Estate & Business Listings / Cannabis & Hemp Real Estate Listings For Sale / Warehouse/Industrial For Sale
Status : ACTIVE
Size : 18,990
Lot Size (Acres) : 3.57
APN : R-333082
Cannabis or Hemp Use Allowed? : Cannabis and/or Hemp
City Tax Rate : Lake Oswego
Year Built : 2005
Company Name : Rose City Commercial Real Estate
Phone : 5035771034
Email : rick@rosecitycre.com

This property has a transferrable LUCS permitting Cannabis and Hemp Processing. Almost 19,000 sf of existing buildings include 2 warehouses, offices, a commercial kitchen, and a heliport licensed for 2 helicopters.

Flexibility is the key here:

OWNER/USER: The property will be delivered 100% vacant at closing.
INVESTOR: The property is selling at 9.0% on actuals. It has 2 tenants, both of whom have short-term leases that desire to extend their leases with the new owners. Based on recent offers we feel that rents could be pushed as much as $10,000/month…bringing the Cap rate to: 10%.

40+ Acres Approved Cultivation on 500+ Acre Property Santa Barbara County
40+ Approved Cannabis Cultivation Acres in the Cap. on 500+ acre property with residences and other improvements.
Contact Jon Ohlgren (Lic#01464358) Radius Group for details: 805-689-7839
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