Listing ID : 811416
Listed On June 21, 2024 27
Listing Updated June 21, 2024
WeCann is proud to present this unique opportunity to acquire a 27,827 SF industrial property with strong cash-flow and vacancy for increased investment or owner occupant. The existing tenant is a well-positioned cannabis manufacturer with a proven track record of maintaining profitability in a competitive market, and which has maintained clockwork payments of monthly rent and operating expenses. The vacant unit has city approval for a cannabis micro-business. A buyer may either increase cash-flow through a new lease or occupy the unit.
Property Highlights:
- 27,827 SF Building11,527 SF Vacant
- 28 Acre Lot
- Multiple Units
- 50+ Parking Spaces
- 1,000 AMPs – buyer to verify
- 18’ Clear Height
- 5 Roll-Up Doors
Financial Summary:
Regardless what a buyer is looking to accomplish, this property is a safe bet due to the strong existing tenant – a multi-state cannabis operator. An owner-occupant may occupy the 11,527 SF vacant unit and maintain a strong 8% CAP rate, or lease the building to a new operator which, depending on the use, can increase CAP returns up to 11.38% based on the asking price of $6,250,000.
321 N Bench St, Galena, IL, USA
At H.B. Wilkinson Title Company, Inc. we specialize in delivering comprehensive title and settlement services designed to ensure smooth and secure rea
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Cannabis & Hemp Banking
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