CannaMLS ID: 11317
Cannabis Cultivation Facility for sale in Adelanto, CA 92301
Leased Investment ($130/SF) with 12.3% CAP Rate
Created | Updated
Price
$ 5,500,000
Originally 22,178 square feet of usable space, the building was recently renovated with a mezzanine to expand to 42,355 square feet of floor space. Approximatel
- Property
- Licenses
- General
Property
Address: 16350 Beaver Rd
Property is: For sale, For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Agriculture
Purchase price: $ 5,500,000
Monthly lease rate: $ 56,166
Building size (sq ft): 42,355
- Property
- Licenses
- General
Property
Address: 16350 Beaver Rd
Property is: For sale, For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Agriculture
Purchase price: $ 5,500,000
Monthly lease rate: $ 56,166
Building size (sq ft): 42,355
Description
Originally 22,178 square feet of usable space, the building was recently renovated with a mezzanine to expand to 42,355 square feet of floor space. Approximately 22,000 square feet is occupied by a long-term, cultivation tenant. The building is situated on its own parcel of approximately 1.7 acres. At $130 per square foot, this is very competitively priced.
Lease to be extended Jan 1 2023. Terms to be negotiated, but we are expecting an additional 5 years.
