16224 Koala Rd, Adelanto, CA 92301

9,450 SF | Industrial Building | Adelanto, CA 92301 | $4,200,000 ($444/SF)

Asking Price $4,200,000

Property Type: Industrial
Price / Square Foot: $444

Listing Contacts

Paul Casilla

Verified Profile

Property Info

Property Overview

Discover this investment opportunity with a Single Tenant NNN Cannabis Investment, currently generating a monthly cash flow of ±$24,061.21. The lease, initiated in September 2020, extends through August 31, 2030, providing a solid seven years of lease term remaining. Enjoy the assurance of a 3.00% annual increase to the base rent, ensuring continued growth! The tenant has committed to the property through substantial improvements, and their approach includes collaboration with a consultant to execute planned enhancements and secure a Conditional Use Permit from the City of Adelanto. The tenant has consistently met rent obligations since the sixth month of the first year. With a lease duration,
consistent cash flow, and tenant-driven property enhancements, this investment stands as a compelling prospect in the cannabis market. Don't miss out on the opportunity for a stable and thriving investment!

Property Details

Class: C
Year Built: 1997
Stories: 1
Property Subtype: Distribution
Lot Size (sq. ft): 40,946 SF

Highlights

Easily accessible
Great Frontage Visibility

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