Property Description

Listing 4608

ASKING: $5,500,000

Originally 22,178 SF of usable space, this building was recently renovated with a mezzanine to expand to 42,355 SF of floor space. Approximately 22,000 SF is occupied by a long term, strong, cultivation tenant. The building is situated on its own parcel of approximately 1.7 acres in the Beaver Industrial complex. Offfered at $130/SF, this is a competitively priced investment.

Highlights

• Strong tenant-looking to renew
• Approximately $674,000 Annual Gross Income
• 20k Square foot canopy with room to expand
• Mezzanine added to utilize 30 foot ceilings
• Fenced yard with ample parking
• Plenty of power, water, and EV charging station

More Details

• Renovated in 2020
• Approximately $2MM in Tenant Improvements
• 42,355 SF Cultivation Facility
• 100% Leased
• Strong Tenant –
  • Just fijinished 5 year term, looking to renew
  • Paid for the $2MM in renovations.

Terms of Purchase

• Asking: $5,500,000
• NDA required.

Ryan Dowse — WeCann – DRE#02074994

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