Operating Cultivation Facility - Nexus Hybrid Greenhouse

Industrial for Sale
Catylist Listing ID: 30802117
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 11,270 SF
Gross Land Area: 1.93 Acres
Sale Price: $3,500,000
Unit Price: $310.56 PSF
Ceiling: 14 ft.
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 11,270 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

Located just 1 hour from Oakland County, this established operating cannabis cultivation property and brand is available for sale, or the seller is open to an investment structure. Completely renovated in 2019, this 11,000 square foot building features a Nexus Hybrid Greenhouse and with almost 2 acres of property and power available, you can expand to 9 greenhouses total. The business is running smoothly with eight staff members that would love to stay on. They love the brand, are passionate about what they do, and want to continue the legacy.

Additional Details

Nearest MSA: Saginaw
County: Tuscola
Taxing Authority: Vassar
Tax ID/APN: 051500610080000
Zoning: I-2 HEAVY INDUSTRIAL
Property Located Between: E. Huron Ave and Commerce Drive
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,270 SF
Property Condition: Excellent
Year Built: 1997
Year Renovated: 2019
Roof Type: Gable
Construction/Siding: Metal Siding
Parking Type: Surface
X-Phase: 3 phase
Heat Type: Natural Gas
Heat Source: Central, Radiant
Air Conditioning: Evaporative Cooler
Lot Frontage: 354
Lot Depth: 334
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 8 VASSAR INDUSTRIAL PARK SUBDIVISION CITY OF VASSAR

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,139 5,311 9,721
Median Age: 37.33 37.43 39.17
Households: 443 1,997 3,707

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