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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com

DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com

DRE# 01787685
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16224 Koala Road,  Adelanto CA, 92301

(Active)
$4,200,000
|
9,450 sqft
|
MLS# HD23222850
Last Updated: 5/18/2024 12:22 AM
Description for 16224 Koala Road Adelanto, CA 92301
Discover this investment opportunity with a Single Tenant NNN Cannabis Investment, currently generating a monthly cash flow of $24,061.21. The lease, initiated in September 2020, extends through August 31, 2030, providing a solid seven years of lease term remaining. Enjoy the assurance of a 3.00% annual increase to the base rent, ensuring continued growth! The tenant has committed to the property through substantial improvements, and their approach includes collaboration with a consultant to execute planned enhancements and secure a Conditional Use Permit from the City of Adelanto. The tenant has consistently met rent obligations since the sixth month of the first year. With a lease duration, consistent cash flow, and tenant-driven property enhancements, this investment stands as a compelling prospect in the cannabis market. Don't miss out on the opportunity for a stable and thriving investment!
Price
$4,200,000
San Bernardino
9,450 (approx)
HD23222850
Active
Description
Discover this investment opportunity with a Single Tenant NNN Cannabis Investment, currently generating a monthly cash flow of $24,061.21. The lease, initiated in September 2020, extends through August 31, 2030, providing a solid seven years of lease term remaining. Enjoy the assurance of a 3.00% annual increase to the base rent, ensuring continued growth! The tenant has committed to the property through substantial improvements, and their approach includes collaboration with a consultant to execute planned enhancements and secure a Conditional Use Permit from the City of Adelanto. The tenant has consistently met rent obligations since the sixth month of the first year. With a lease duration, consistent cash flow, and tenant-driven property enhancements, this investment stands as a compelling prospect in the cannabis market. Don't miss out on the opportunity for a stable and thriving investment!
Listing Information
Property Type: Industrial, Business Opportunities, 1 Story
0.94 Acres Assessor 9,450 (approx)
1997 1
Public
Electricity Connected,Sewer Connected,Water Connected
1 Total
Neighborhood
Room Information
None
Exterior / Lot Features
0 Covered Parking Spaces,
Adelanto Industrial Park
Rectangular Lot,Yard
Driving Directions
Property is located on Koala Road accessed via Ranchero Road
Financial Considerations
3129261720000
Listing Price History

Adelanto Real Estate

Adelanto is located in California. Adelanto, California 92301 has a population of 35,663.

The median household income in Adelanto, California 92301 is $47,528. The median household income for the surrounding county is $65,961 compared to the national median of $66,222. The median age of people living in Adelanto 92301 is 35 years.

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Listing Agent: Paul Casilla CalDRE: 01881506 - Lee & Associates, 760 475-4669
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/18/2024 12:22 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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