255
Price : $8,995,000
Status : ACTIVE
Size : 30000
Lot Size (Acres) : 1.75
Power (AMPS) : 4000
Medical or Recreational : Recreational, Medical, Both
City Tax Rate : Sacramento
Year Built : 2007
Sale Type : Cash, Financing, Owner Financing
Utilities : Water, Electricity, Sewer
Company Name : Imperial
Phone : 8314207739

Investment opportunity: Fantastic newer building approved for cannabis production by the city and state. Upon close, Seller would like a leaseback offering very investor-friendly terms:

• 10-year initial term, with two 5-year options

• $2 / sf / month NNN starting, rising 2.51% annually

  • Average NNN rate of $2.24 over the 10-year term

  • Average NOI of $807K (9% cap)

• Seller to invest over $5M on improvements + equipment to allow for cannabis production

  • Seller will complete power upgrade to 4000A (already underway)

  • Seller plans to add over 600 tons of HVAC (also in progress)


Property is located within a Qualified Opportunity Zone.

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