5860 88th St - Warehouse FOR SALE


Sacramento, CA 95828
$9,900,000 USD
949-400-8086
5860 88th St, Sacramento, CA for Sale
$9,900,000 USD
Warehouse - FOR SALE
1/14
null | 10.02% Cap Rate

5860 88th St
Sacramento, CA 95828


HIGHLIGHTS

  • 10.02% Cap - NNN lease w/ guaranty from Connected International Inc., zero defaults, escalating to 11.28% in 2029 and 12.68% at the 2034 renewal
  • $82,688/month base rent + NNN — zero landlord expense obligations, perfect on-time payment record since lease inception
  • Institutionally backed tenant — Connected Cannabis Co., $55M+ raised, $9.5M 2025 EBITDA, ~$15M projected 2026, distributes to 175+ dispensaries in CA
  • Address-locked occupancy — cultivation license is site-specific; tenant cannot relocate without a multi-year regulatory restart from scratch
  • Defensible conventional floor — heavy-power infrastructure supports $1.25/SF market rent; conventional re-tenanting yields 5.14% cap at asking
  • 41,600 SF on 2.34 acres, M-2S zoning — Power Inn corridor, direct I-5 and US-50 access, Sacramento's primary cannabis industrial zone

OVERVIEW

WeCann is proud to exclusively offer one of the highest-yielding large-format cannabis NNN investments currently available in California — 5860 88th St, a 41,600 SF cultivation facility in Sacramento’s Power Inn corridor, leased NNN to Connected Cannabis Co. at $82,688 per month with zero late payments for 7+ years and a full corporate guaranty from Connected International Inc. At an 10.02% in-place Cap Rate, this offering delivers over 350 basis points above what comparable non-cannabis industrial assets have traded at in the Sacramento market. This is one of the largest single-tenant cannabis cultivation footprints available for purchase in California, and the tenant’s motivation to stay goes beyond the lease. Connected Cannabis Co. was founded in Sacramento in 2009 — this facility sits at the heart of their original supply chain, and a cannabis cultivation license is address-specific. Relocating would mean starting a multi-year licensing process from scratch. That structural occupancy motivation, combined with a building whose heavy-power infrastructure supports a credible conventional re-tenanting floor, makes this a fundamentally different risk profile than most cannabis NNN offerings on the market. This property is available individually or as part of a three-property Connected Cannabis NNN portfolio. Please download the offering memorandum for additional information.

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

10.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Lighting

CLEAR CEILING HT

30 Ft

DOCKS

3

DRIVE INS

4

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2.34

LAND SF

102,018

ZONING

M-2S

APN/PARCEL ID

062-0080-029

ASK ABOUT THIS PROPERTY

Jason PiazzaWeCannMore Info
949-400-8086

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Jason PiazzaWeCannMore Info
949-400-8086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.