Motivated Seller! Will consider ALL offers.
This flex industrial building is located adjacent to the I-10 and 202 loop. Currently a 100% leased NNN lease with two tenants. Tenants pay premium above market comp rents because of the nature of the business their in, medical cannabis. First tenant has 15 years left on their lease with options for an additional 20 years. First tenant has a corporate guarantee in place. Second tenants lease ends in 2031, but also has options for an additional 5 years. Second tenant did not sign a corporate guarantee. Each lease has 3% annual increases. 12 month NOI +/- $1,051,476.
One oversized grade level door. Office, showroom, and warehouse uses inside property. Large 2.10 acre lot with 80 parking spaces. Medical Cannabis license is not for sale, tenant owns medical cannabis license, not the property owner. Massive development coming to this major freeway junction
Brochure, flyer, and OM will be available next week for distribution.