We are proud to present this unique opportunity to acquire a 27,827 SF industrial property with strong cash-flow and vacancy for increased investment or owner occupant.
Current CAP Rate: 10.6% w/3% annual increases
Proforma CAP Rate: 13.18% or higher depending on tenant and use
Property Highlights
27,827 SF Building
11,527 SF Vacant
1.28 Acre Lot
Multiple Units
50+ Parking Spaces
1,000 AMPs – buyer to verify
18’ Clear Height
5 Roll-Up Doors
VACANT UNIT AVAILABLE FOR OWNER/USER | LEASE-TO-OWN:
FLEX-INDUSTRIAL SPACE - 11,527 SF Available for Immediate Occupancy
PROPERTY HIGHLIGHTS:
Modern Mixed-Use Configuration:
4,327 SF Retail Showroom/Office/Workshop Space
4,370 SF Warehouse Space (20' Clear Height)
2,830 SF Mezzanine Level
Full Building Amenities:
4 Restrooms (2 Office, 2 Warehouse)
Extensive On-Site & Street Parking
Versatile Zoning for Multiple Uses Including:
Cannabis Operations (Distribution/Manufacturing/Retail)
Fitness Facilities
Light Manufacturing
Warehousing & Distribution
And More
UNIQUE LEASE-TO-OWN OPPORTUNITY
24-Month Purchase Option
100% of Lease Payments Applied to Purchase Price
Ideal for Growing Businesses Seeking Future Ownership
Contact us for pricing and to schedule a tour.
Investment Highlights
Financial Summary
Regardless of what a buyer is looking to accomplish, this property is a safe bet due to the strong existing tenant – a multi-state cannabis operator. An owner-occupant may occupy the 11,527 SF vacant unit and maintain a strong 10.6% CAP rate, or lease the building to a new operator which, depending on the use, can increase CAP returns up to 14.5% based on the asking price of $5,350,000.