36450 Bankside Drive, Cathedral City, CA 92234 (MLS# 219069178)

36450 Bankside Drive, Cathedral City, CA 92234

$2,500,000

Property Type: Commercial Sale Square Footage: 8,054 Lot Size (sq. ft.): 20,909 Status: Closed

Current Price: $2,500,000 List Date: 10/19/2021 Last Modified: 11/19/2024

Overview

Description

- 8,054 SF State of the art manufacturing extraction facility - 12% Cap Rate $30,202 month ($3.75 per S/F NNN) - Single Tenant Lease expires 04/20/23 with (2) 5-year options to extend - Licensed Cannabis Facility - approved CUP 16-044 - allows distribution, manufacturing, and dispensary - Located in the heart of the Cathedral City adjacent to many other cannabis facilities on Bankside Drive - Seller financing available

Listing Details MLS# 219069178

General Property Information

Approx SqFt: 8054
SqFt Source: Assessor
Lot Acres: 0.48
Lot Dimensions: 95’ x 218’
Year Built: 1986
Cross Streets: Bankside Drive & Sunair Plaza

Property Features

Business Type: Industrial Sale Type: Standard Listing Terms: Cash; Owner May Carry Industrial Type: Manufacturing; Warehouse/Distribution Exterior Construction: Concrete Disclosures: None

Listing Location and Property Info

APN: 687312016
Original List Price: 3000000
Property Sub-Type: Industrial
Street #: 36450
Street Name: Bankside Drive
County: Riverside
State: CA
Zip Code: 92234
Area: 336 - Cathedral City South
Country: US

Status Change Info

Status Change Date: 2021-12-03
Pending Date: 2021-11-10
Closed Date: 2021-12-01
Closed Price: 2500000

Business Info

Cap Rate: 12
Total Tenants: Yes

Parking SpacesInformation

Total Carport Spaces: 16
Total Parking Spaces: 16

More Information

Documents

Listing Brochure ›

Listing Office: Desert Pacific Properties

Listing Agent: Paula Turner

Last Updated: November - 19 - 2024

Information deemed reliable but not guaranteed.