$3,000,000
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SOLD DATE : 12/01/2021
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 219069178DA
Sold Date 12/01/21
HOA Y/N No
Year Built 1986
Property Description
- 8,054 SF State of the art manufacturing extraction facility- 12% Cap Rate $30,202 month ($3.75 per S/F NNN)- Single Tenant Lease expires 04/20/23 with (2) 5-year options to extend- Licensed Cannabis Facility - approved CUP 16-044 - allows distribution, manufacturing, and dispensary- Located in the heart of the Cathedral City adjacent to many other cannabis facilities on Bankside Drive- Seller financing available
Location
State CA
County Riverside
Area 336 - Cathedral City South
Interior
Fireplace No
Exterior
Carport Spaces 16
Total Parking Spaces 16
Others
Tax ID 687312016
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Financing Other
Special Listing Condition Standard
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Bought with Steve Akopyan • Coldwell Banker Hallmark