9642 Padilla Heights Road Unit #101-6, Anacortes, WA 98221
- $2,100,000
Listing courtesy of Robertson & Associates RE. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $2,100,000
- List Price
- $2,100,000
- Status
- SOLD
- MLS#
- 1759983
- Closing Date
- Mar 18, 2022
- Days on Market
- 281
Property Description
This property is an operating legal Tier 2 Cannabis indoor production facility. The Tenant is the licensee, currently in the first year of a multi-year lease. Tenant pays all operating expenses and customary "triple net" expenses in addition to monthly rent. The facility is fully licensed with all required infrastructure improvements to service the cannabis production license in place. The Premises are made up of adjacent commercial/industrial condominiums, secured as a single licensed facility. The Property is located on the East side of Anacortes, in a quiet, light industrial district, South of Highway 20. Fully sprinkled space, secure storage, security system, heavy electrical, HVAC and controlled access.
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Additional Information
- Community
- Anacortes
- Style
- 70 - Industrial
- Year Built
- 2008
- Roof
- Metal
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Concrete
- Flooring
- Concrete
- Driving Directions
- From I-5, West on Highway 20, left on Reservation Road, Left on Padilla Heights Rd. to the top of the hill. Property on the right.
- Energy Source
- Electric
- Net Operating Income
- $210,120
- Cap Rate
- 10.01
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