8,054 SF Cannabis Industrial Building

Industrial for Sale
Catylist Listing ID: 30767698
Property Subtypes: Light Industrial, Net Leased
Building Size (RSF): 8,054 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $3,000,000
Unit Price: $372.49 PSF
Ceiling: 14 ft.
Docks/Doors: 1 Door
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 12.0%
Last Updated: 10/13/2021

Overview / Comments

- 8,054 SF State of the art manufacturing extraction facility
- 12% Cap Rate $30,202 month ($3.75 per S/F NNN)
- Single Tenant Lease expires 04/20/23 with (2) 5-year options to extend
- Licensed Cannabis Facility - approved CUP 16-044 - allows distribution, manufacturing, and dispensary
- Located in the heart of the Cathedral City adjacent to many other cannabis facilities on Bankside Drive
- Seller financing available

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 687-312-016
Zoning: I-L
Property Located Between: Bankside Drive & Sunair Plaza
Highway Access: Interstate 10
Tenancy: Single Tenant
Property Condition: Good
Year Built: 1986
Year Renovated: 2018
Construction/Siding: Concrete
Parking Type: Surface
Total Parking Spaces: 16
Zoning Description: Light Industrial
Lot Frontage: 95’
Lot Depth: 218'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,150 50,819 112,319
Median Age: 55.03 44.53 45.78
Households: 3,723 20,585 48,090

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