TITLE:
Industrial Building plus value add land
CONTROL:
Exclusive
VALUE:
$3,500,000
LOAN:
$1,100,000
EQUITY:
$2,400,000
TYPE:
Industrial
HAVE:
19500 sq.ft industrial bldg concrete tilt up on 2.5A of land Zoned for Marijuana processing, cultivation, etc. market Leased for call Tom .
ADDRESS:
65311 San Jacinto Lane, Desert Hot Springs, California
BENEFITS TO NEW OWNER:
Passive mail box money. Green allows Marijuana cultivating, etc. Built in 2018, needs roof
GROSS SCHEDULED INCOME:
$213,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$213,000
EXPENSES:
$0
NOI:
$213,000
DEBT SERVICE:
$52,500
CASH FLOW:
$160,500
CAP RATE:
6.09%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$500,000
$4,250
10%
12/01/2027
No
LOAN 2
$600,000
$5,000
10%
12/01/2027
No
BENEFITS SOUGHT:
Looking for problem to solve. Financial physical management etc.
CAN ADD:
Up to $1M in cash. Motel Joshua Tree CA, $400,000 in paper @$8261/mo, NNN leased comml Wimberley TX. all in book
REMARKS:
Existing $600,000 second will move to upleg(family member). Property located in 10 sq.mi marijuana (Green) zoned district. Perfect 1031 holding property.
COUNSELOR:
Debbie Ferrari
KW Commercial Coastal Castles
635 Camino De Los Mares, 3rd Floor
San Clemente, California, 92673
