FULLY LEASED INCOME PROPERTY IN THE HEART OF BRENTWOOD - 12.5% CAP Rate

CannaMLS ID: 7271
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Price: $2,250,000


Listing Details


Listing Category
Manufacturing
Distribution
Dispensary
Home Delivery
Testing Facility

License Status
License application submitted

Medical
YES

Adult Use
YES

Price: $2,250,000

Listing Status: For Sale

* Free standing building to be delivered with premium rental rate tenant paying $23,437.50 per month on a 15-year lease, which amounts to a 12.5% CAP Rate. Includes a 33% ownership stake in building. Building Appraised at $5.75m.

 * Located on South Barrington Avenue near the corner of San Vicente Boulevard with approximately 33,000 cars passing per day 

*Close to the San Diego (405) Freeway and the Santa Monica (1- 10) Freeway. It is in close proximity to Westwood Village, UCLA, Westwood Medical Plaza, The Armand Hammer Museum, Geffen Playhouse, UCLA Center for Performing Arts and the Fowler Museum of Cultural History. The strong retail trade area the property is located within testifies to the strength and viability of this particular location.

*The demographic profile of the surrounding areas gives the underlying real estate a strong intrinsic value. The average annual household income within a 3 mile radius of the subject property is $114,412


Listing Details

Listing Status
For Sale

Location
Los Angeles, California 90049

Date Listed For Sale:
8/18/2022

Date Last Updated:
8/19/2022

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
4432 sq ft

Lot Size (acres)
4577 acres

Built out / Turnkey
YES

Equipment Included
YES

Pricing Details

Listing Price
$2,250,000

Property Purchase Price
$2,250,000

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