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
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
More Information MLS# 219069178
Listing, Location and Property Info
Entry Date: 2021-10-19
General Property Information
Lot Dimensions: 95’ x 218’
Approx SqFt: 8054
SqFt Source: Assessor
Lot Size: 0.48
Lot Acres: 0.48
Year Built: 1986
Cross Streets: Bankside Drive & Sunair Plaza
Business Type
Industrial: 1
Sale Type
Standard: 1
Business Info
Total Tenants: 1
Cap Rate: 12
Listing Terms
Cash: 1
Owner May Carry: 1
Disclosures
None: 1
Industrial Type
Manufacturing: 1
Warehouse/Distribution: 1
Exterior Construction
Concrete: 1
Listing Location and Property Info
APN: 687312016
Status: Closed
Listing Date: 2021-10-01
Original List Price: 3000000
Sold Price: $2,500,000
Current Price: $2,500,000
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
Parking SpacesInformation
Total Carport Spaces: 16
Total Parking Spaces: 16
Property Features
Business Type: Industrial
Sale Type: Standard
Listing Terms: Cash; Owner May Carry
Industrial Type: Manufacturing; Warehouse/Distribution
Exterior Construction: Concrete
Disclosures: None
Documents
Listing Brochure ›
Listing Office:
Desert Pacific Properties
Listing Agent:
Paula Turner
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.
