17451-14757 Muskrat Ave - Warehouse FOR SALE


Adelanto, CA 92301
$12,500,000 USD
949-942-6219
17451-14757 Muskrat Ave, Adelanto, CA for Sale
$12,500,000 USD
Warehouse - FOR SALE
1/7
null | 16.22% Cap Rate

17451-14757 Muskrat Ave
Adelanto, CA 92301


HIGHLIGHTS

  • Net Lease Industrial Property with Above-Market Return
  • Tenant to Exercise a 5-Year Lease Extension at the Close of Escrow
  • Vertically Integrated, State-Leading Cannabis Operator as Tenant
  • Expansive 29,925 SF Building with an Additional 16,475 SF of Mezzanine Space
  • Substantial Tenant Investment in State-of-the-Art Cultivation Infrastructure
  • 16' First Floor High Clear Heights - 12'-16' Clear Heights on the Mezzanine

OVERVIEW

Graystone Capital Advisors is pleased to present a rare investment opportunity to acquire 17451 Muskrat Ave #9, a premier industrial asset located within the High Seasons Industrial Park in Adelanto, CA. This offering features a 29,925-square-foot industrial condominium, enhanced by an additional 16,475 square feet of mezzanine space, resulting in a total of 46,400 square feet of leasable area. The property is fully leased to 818 Brands, a vertically integrated, state-leading cannabis operator. With approximately 1.75 years remaining on the initial five-year lease term, the tenant has also secured two three-year renewal options at a stable monthly rent of $180,000. As a testament to their long-term commitment to the space, 818 Brands has agreed to an early five-year renewal upon closing, which includes 3% annual rent escalations, ensuring a predictable and growing income stream for investors. 818 Brands has invested millions of dollars to transform the facility into a state-of-the-art cannabis cultivation operation, reinforcing their dedication to the property and its long-term viability. The facility itself boasts Class A concrete tilt-up construction, 16-foot clear heights on the first floor, 12- to 16-foot clear heights on the mezzanine, and a robust power capacity of 2,500 AMP, 480V, 3-Phase Power, which is essential for high-performance cultivation operations. These features, combined with the tenant’s significant capital improvements, position the property as a highly desirable asset within the industrial sector. This investment represents a secure, income-producing opportunity backed by a well-established tenant in a high-growth industry. With early lease renewal terms and built-in escalations, investors can benefit from long-term income stability and above-market returns. Strategically located in one of Southern California’s thriving industrial corridors, this asset provides a rare chance to acquire a premium facility with a tenant committed to long-term operational success.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

16.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

818 Brands Net Lease Industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Refrigeration/Cold Storage

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

UTILITIES

-

CLEAR CEILING HT

30 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

92

LAND DETAILS

LAND ACRES

17.82

LAND SF

776,239

ZONING

M

APN/PARCEL ID

0459-851-11,0459-851-12,0459-851-13,0459-851-14

ASK ABOUT THIS PROPERTY

Jim RootGraystone Capital AdvisorsMore Info
949-942-6219

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Jim RootGraystone Capital AdvisorsMore Info
949-942-6219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.