7,687 sf Industrial Buildings - Zoned for Cannabis Cultivation

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30256275
Property Subtypes: Light Industrial
Status: Pending/Contingent
Building Size (RSF): 7,687 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $195.13 PSF
Ceiling: 12 ft. Clear
Docks/Doors: 1 Door
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2018

Overview / Comments

* 2 Buildings: 36-111 is 3,916 sf; 36-099 is 3,771 sf. Each has a 900 sf office
* C.U.P. 17-030 - Initial Review Complete. Proposed 2nd story totaling 18,000 s/f. Includes office, storage, packaging, extraction room, medical cannabis kitchen, restrooms, and a processing room
* Each building has 600 amps, 3 phase power
* Excellent mid-valley location on Cathedral Canyon Drive just North of Perez Rd. Easy access to all Desert Cities.
* Zoned I-1 (Light Industrial), which allows for cannabis cultivation, manufacturing, transportation, distribution and dispensary
* Asking Price: $1,500,000 ($194/sf)
Reduced from $1,800,000

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 687-074-005, 006
Zoning: I-1
Year Built: 1978
Total Parking Spaces: 9

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