Santa Rosa, CA,California,$6,000,000,Licensed,Retail; Delivery; Distribution; Manufacturing / Proces

$6,250,000

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: 27