This property is an operating legal Tier 2 Cannabis indoor production facility. The Tenant is the licensee, currently in the first year of a multi-year lease. Tenant pays all operating expenses and customary "triple net" expenses in addition to monthly rent. The facility is fully licensed with all required infrastructure improvements to service the cannabis production license in place. The Premises are made up of adjacent commercial/industrial condominiums, secured as a single licensed facility. The Property is located on the East side of Anacortes, in a quiet, light industrial district, South of Highway 20. Fully sprinkled space, secure storage, security system, heavy electrical, HVAC and controlled access.
IDX Wrapper
9642 Padilla Heights Road101-6
Anacortes,
WA $2,100,000
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Listing ID1759983
Sold For$2,100,000
StatusClosed
Sold Date3/18/2022
SqFt
10,000
Acres
1.360
CountySkagit
SubdivisionAnacortes
Year Built2008
Property TypeCommercial Sale
Property Sub TypeCommercial Industrial
County
Skagit
Price Reduction Date
2021-11-08T22:09:06+00:00
Property Sub Type
Commercial Industrial
Property Type
Commercial Sale
Subdivision
Anacortes
Year Built
2008
Approximate Warehouse Manufacturing Square Feet
10000
Building Area Units
Square Feet
Flooring
Concrete
Furnished
Unfurnished
Interior Features
Concrete
Living Area Units
Square Feet
Elevation Units
Feet
Exterior Features
Metal/Vinyl
Foundation Details
Poured Concrete, Slab
Lot Size Square Feet
59241
Lot Size Units
Square Feet
MLS Lot Size Source
County
Number Of Units Total
1
Roof
Metal
Structure Type
Industrial
Style Code
70 - Industrial
Utilities
Electricity Available
Water Source
Community
Country
US
MLS Area Major
815 - Anacortes
Topography
Level
Zoning Jurisdiction
City
Environmental Survey
false
First Right Of Refusal
no
Loading
4-6 Bays,Grade
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Pad Ready
false
Power Production Type
Electric
Preliminary Title Ordered
yes
Show Map Link
yes
Buyer Financing
Cash
Cap Rate
10.01
Net Operating Income
210120
Possession
Closing
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Total Actual Rent
17510
Total Sqft Rented
10000
Based on information submitted to the MLS GRID as of Thursday, April 18th, 2024 06:20:31 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data services provided by IDX Broker