68342 Kieley Road

    Cathedral City, CA 92334
    • $3,500,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: AR19279617
    UPDATED: 26 min ago
    $3,500,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,000
      SQFT
    • $700
      $/SQFT
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Net income 5.7% Return * Hemp oil extraction site with a 30-year lease sale of 3.5 millionThis investment has much better leases than the market $200,000 rent per year, paid monthly. Automatically increase lease amount by 5%-Triple Net (tenants are responsible for all property taxes, repairs, licenses, licenses and all utilities and public expenses, including city requirements for improvement) 30-year stable lease, this year is the first year. This plant is a hemp oil extraction site. In addition to the real estate, the landlord has invested about 1.3M in interior decoration and machinery. After the tenant moved in. This factory is one of the few legally licensed cannabis oil extraction plants. The factory's machine can extract about 200lb of hemp oil a year. The wholesale price of cannabis oil is US $ 15-20 per gram. The profit is very good and there can be no financial problems. The tenant is a subsidiary of a Canadian listed company established in the United States and a legitimate cannabis company. This listed company has different factories and retail stores in the United States / Canada, and actively integrates the industry chain vertically. Owns two plots. The existing factory / warehouse is only on one plot, and the other plot APN has not yet opened a warehouse. Tenants are likely to develop in the future. The lease includes two plots of land. High value-added potential!Note: The lease cannot be cancelled due to legal contract restrictions.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T17:28:15.757. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

    www.tophomefinders.com/homes/101663346

    68342 Kieley Road Cathedral City, CA 92334

    • Price: $3,500,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: AR19279617
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    5,000
    SQFT
    $700
    $/SQFT
    Neighborhood:
    335 - Cathedral City North
    County:
    Riverside
    Area:
    335 - Cathedral City North
    Property Description
    Net income 5.7% Return * Hemp oil extraction site with a 30-year lease sale of 3.5 millionThis investment has much better leases than the market $200,000 rent per year, paid monthly. Automatically increase lease amount by 5%-Triple Net (tenants are responsible for all property taxes, repairs, licenses, licenses and all utilities and public expenses, including city requirements for improvement) 30-year stable lease, this year is the first year. This plant is a hemp oil extraction site. In addition to the real estate, the landlord has invested about 1.3M in interior decoration and machinery. After the tenant moved in. This factory is one of the few legally licensed cannabis oil extraction plants. The factory's machine can extract about 200lb of hemp oil a year. The wholesale price of cannabis oil is US $ 15-20 per gram. The profit is very good and there can be no financial problems. The tenant is a subsidiary of a Canadian listed company established in the United States and a legitimate cannabis company. This listed company has different factories and retail stores in the United States / Canada, and actively integrates the industry chain vertically. Owns two plots. The existing factory / warehouse is only on one plot, and the other plot APN has not yet opened a warehouse. Tenants are likely to develop in the future. The lease includes two plots of land. High value-added potential!Note: The lease cannot be cancelled due to legal contract restrictions.
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 5.70 Country Us Electric Expense 0.00 Expense Year 0 Gross Scheduled Income 200000.00 Land Use Industrial Laundry YN No Leasable Area Units Square Feet Maintenance Expense 0.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 200000.00 Operating Expense 0.00 Property Sub Type Warehouse Real Estate Tax Expense 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public

    Listing provided courtesy of Katie Yau of Your Home Sold Guaranteed Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T17:28:15.757. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

     
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    41463 Margarita Road, Suite 100
    Temecula CA, 92591