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$ 30,000,000
Est. payment /mo
Price Dropped by $10.0M
84845 Ave 48 Coachella, CA 92236
6 Acres Lot
UPDATED:
02/05/2025 09:59 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219123717DA
HOA Y/N No
Lot Size 6.000 Acres
Property Description
■High-Performing NNN Multi-Tenant Leased Investment Opportunity with 2%-3% Annual Escalations■ Over 100,000 Square Feet Of State-Of-The-Art Facilities, That Meet The Needs of The Cannabis Industry■ Nine Free-Standing Industrial Buildings■ Fully Secured Cannabis Campus■ Lease Rates $2.50 to $3.00/SF/Mo NNN■ Tenants Are Experienced Cannabis Operators With Strong Rental History■ Annual NOI - Over $3,500,000 At Full Build-Out■ 2026 Projected CAP Rate - 9.72%
Location
State CA
County Riverside
Area 315 - Coachella
Interior
Fireplace No
Others
Tax ID 603232031
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Notice Of Default, Standard
Listed by Paula Turner • Desert Pacific Properties