TITLE:
19500 sq ft Vacant Industrial Blvd
CONTROL:
Owner
VALUE:
$3,900,000
LOAN:
$1,100,000
EQUITY:
$2,800,000
TYPE:
Industrial
HAVE:
Vacant Concrete Tilt up Industrial bldg in "Green Zone" allowing processing, distribution, cultivation and selling Marijuana. Built for all these purposes at a cost of almost $8M. Located on two lots (one occupied by bldg other is vacant) totalling 2.5AC
ADDRESS:
65311 San Jacinto St, Desert Hot Springs, California
BENEFITS TO NEW OWNER:
zoned and constructed for all Marijuana related uses. Also most other industrial /comml uses
GROSS SCHEDULED INCOME:
$215,400 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$215,400
EXPENSES:
$0
NOI:
$215,400
DEBT SERVICE:
$52,500
CASH FLOW:
$162,900
CAP RATE:
5.52%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$500,000
$4,375
11%
12/01/2027
No
BENEFITS SOUGHT:
larger property including a problem/challenge. will also go down and out.
CAN ADD:
Cash other packages in book (paper etc) Partner is very well healed will crank upleg and will go up to $12-$15M property
REMARKS:
existing $600,000 2nd td to daughter of partner will move to upleg. Market rent is $.95/sq.ft. NNN per local industrial brokers. Some deferred maintenance will be cured or price adjusted accordingly. MAI appraisal for asking price d:10/21/24
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange, California, 92869
