Santa Rosa, CA,California,$6,000,000,Licensed,Retail; Delivery; Distribution; Manufacturing / Proces
- CLS ID: P-05007
- Offer Type: For Sale
- Deal Type: Investment , License , Real Estate
- State: California
- City: Santa Rosa, CA
- Zipcode: 95407
- Licensed: Active
- Licensed or Eligible: Licensed
- Cannabis Use Type: Delivery , Distribution , Lounge , Manufacturing / Processing , Non Volatile , Retail
- Building Sqft: 27
- Parking: Yes
Details
Industrial Sale: Investment or Owner/User
3005 Wiljan Ct, Santa Rosa, CA
WeCann is 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. The existing tenant is a well-positioned cannabis manufacturer with a proven track record of maintaining profitability in a competitive market, and which has maintained clockwork payments of monthly rent and operating expenses. The vacant unit has city approval for a cannabis micro-business. A buyer may either increase cash-flow through a new lease or occupy the unit.
- 27,827 SF Building
- 11,527 SF Vacant
- 1.28 Acre Lot
- Multiple Units
- 47 Parking Spaces
- 1,000 AMPs – buyer to verify
- 18’ Clear Height
- 5 Roll-Up Doors
Financial Summary: Depending on what a buyer is looking to accomplish, this property is a safe bet due to the strong existing tenant which is a multi-state cannabis operator. An owner-occupant may occupy the 11,527 SF vacant unit and maintain a strong CAP 8% CAP rate, or lease the building to a new operator which, depending on the use, can increase CAP returns up to 11.38% based on the asking price of $6,250,000.
- ID: 18854
- Published: June 18, 2024
- Last Update: June 18, 2024
- Views: 53