Cultivation Facility // Sale-Leaseback

Pricing Details

Full Buy Out Price:
$0
Buy In Price:
$0
Ownership Percentage:
0 %

Property Details

Property Attached:
No
Property Is Movable:
No
Property Is Included:
No
Has Buy-in Option:
No
Is Built Out:
No
Has Room For Expansion:
Yes
Operations Are Needed:
No

Avison Young Commercial Real Estate is exclusively offering this unique opportunity to acquire 5045 Geist Avenue, a brand-new, single tenant, triple net-leased, Class A cultivation facility totaling ±63,624 square feet. The building is estimated to be completed in February of 2019 and has been specifically built for Alternative Medicine  Association (AMA), as a marijuana cultivation facility. AMA was the first licensed cultivator to sell cannabis in Las Vegas and works closely with the state of Nevada to set the standards for it.

Located at 5045 Geist Avenue, the property is currently being developed as a ±63,624 square foot two-story, purpose-built cultivation facility for Alternative
Medicine Association. The building improvement is being developed on a site that contains 1.39 acres which is zoned M-1 (Light Manufacturing) by the Clark County
Zoning Department. According to the floor plans prepared by George M. Rogers Architect, the building will include vegetation/cultivation rooms, packaging areas,
supporting offices, a vault, Men’s and Woman’s locker rooms, climate/humidity controlled rooms and other work areas. When complete this will be a state-of-the art
cultivation facility that will be occupied by Alternative Medicine Association and guaranteed by 1933 Industries, Inc.

 

Price: $10,775,000

Listing Status: For Sale

Details

Date Listed For Sale:
License Type:

Location: Las Vegas, Nevada 89115

Recreational: No
Medicinal: No

Listing Type

  • Grower/cultivator/producer

Terms And Options

Single Tenant Building

10 Year Lease with 2 options at 5 years each

Lease Type:  Absolute NNN