This investment sale offering is a ±36,000 SF Class A Industrial building built from concrete tilt-up construction, located in the city of Sacramento.
The property has Conditional Use Permits for Cannabis cultivation, manufacturing, distribution, and delivery only dispensary. Currently, ±27,000 SF is leased between two tenants on relatively new 5 year NNN leases. Lease rates are $2.50 PSF + NNN per month. Property can be delivered fully leased prior to the close of escrow. Purchase price is $9MM based on being fully leases and delivered at a 12% Capitalization Rate.
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