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177,000 s.f. Cannabis Cultivation - NNN Lease - 16.5% cap rate - 1031 Compliant

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Property Overview

Price/Rent PSF $ 14,000,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available Inquire
Date Available 04/08/2021
Additional URL Link
Floors 1
Building size 177000
Additional parameters Show
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Description

Location
Rural area 10 miles south of Greenfield, MA

Sale
The property offering is 49.9% interest in a turnkey $41.7mm, 40-acre cannabis cultivation development. The existing greenhouses will be remodeled and converted to cannabis use with fully automated systems. Term sheet from lender has been secured. Final NNN lease awaits approval from lender before loan commitment is issued. Tenant is a best-in-class operator. Developer is well financed with a proven track record of many large successful projects.

Location

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