$3,000,000
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8,054 SqFt
SOLD DATE : 12/01/2021
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,054 sqft
Price per Sqft $310
MLS Listing ID 219069178
Sold Date 12/01/21
HOA Y/N No
Year Built 1986
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Industrial
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
Others
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
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