Real Estate Grow leased asset

CannaMLS ID: 1518
Save Listing

Price: $4,500,000


Listing Details



Price: $4,500,000

Listing Status: For Sale

The existing building is 25,368 +/-  sq ft net rentable on 2.87 acres
identified as Parcel A and B on the attached site plan.
The Tenant has indicated to me they have invested over
$2M in tenant improvements in the building and Land

 

Base rent effective 9-1-2019 is $21,581.91 monthly.  Tenant also pays Landlord a 5%
management fee monthly. The Lease in NNN, Tenant pays all expenses. Lease expires 8-31-
2028. Rent escalates 3% annually. The building is approximately 25,368 sf. The Lease includes
approximately 8.36 acres of land.
 

Lease Term:       8-31-2028
Lease type:         NNN

The current Lease covers Parcel A. Parcel B


Listing Details

Listing Status
For Sale

Location
Arizona 86312

Date Listed For Sale:
7/12/2019

Date Last Updated:
5/1/2020

Property Details

Built out / Turnkey
YES

Room for Expansion
YES

Pricing Details

Listing Price
$4,500,000

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