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.