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

Listing, Location and Property Info

Entry Date
2021-10-19

Business Type

Industrial
Yes

Sale Type

Standard
Yes

Listing Terms

Cash
Yes
Owner May Carry
Yes

Disclosures

None
Yes

Industrial Type

Manufacturing
Yes
Warehouse/Distribution
Yes

Exterior Construction

Concrete
Yes
Listing Office: Desert Pacific Properties
Listing Agent: Paula Turner
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.

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