61,500 SF Cannabis Industrial Building for Sale in Oakland, CA

CannaMLS ID: 6466
Save Listing

Price: $22,078,491


Listing Details


Listing Category
Cultivation
Manufacturing
Distribution
Testing Facility

Medical
YES

Adult Use
YES

Price: $22,078,491

Listing Status: For Sale

  • 414-420 Lesser St, Oakland, CA
  • 61,500 SF multi-tenant industrial building
  • Stabilized investment
  • Highly desirable location for cannabis tenants
  • Easy freeway access
  • Just minutes away from dispensaries
  • Onsite analytical lab, distributors & delivery
  • Collaborative, recently renovated coworking areas & restrooms
  • All tenants are cannabis businesses
  • 2″ water supply
  • Heavy power (3,000 amps @ 277/480 Volts)
  • Onsite 24-hr security & surveillance cameras
  • Easy access to SF/Bay Bridge & Oakland International Airport 
  • Instant access to I-880 Freeway & Port of Oakland
  • 4 dock loading positions & 4 grade-level doors
  • Property-managed facility
  • ZONING – GREEN ZONE APPROVED: D-CE-6 Central Estuary District Industrial Zone – 6: This zone allows industrial and manufacturing uses, transportation facilities, warehousing and distribution, and similar related supporting uses. Cannabis-related businesses include Type 7 Volatile substances, Type 6 Non-Volatile substances, cultivation, manufacturing, commercial kitchen, laboratory, co-packing, and delivery-only dispensary.
  • Total Income: $1,931,868
  • Earnings Before Taxes: $1,489,725
  • Cash-On-Cash Return: 9.27%
  • Asking Price: $22,078,491


Listing Details

Listing Status
For Sale

Location
Oakland, California 94601

Date Listed For Sale:
3/18/2022

Date Last Updated:
3/18/2022

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
61500 sq ft

Lot Size (acres)
0 acres

Built out / Turnkey
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$22,078,491

Property Purchase Price
$22,078,491

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