$1,960,000
$2,150,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
8,437 Sqft Lot
SOLD DATE : 08/13/2024
Key Details
Sold Price $1,960,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24125792
Sold Date 08/13/24
HOA Y/N No
Year Built 1931
Lot Size 8,437 Sqft
Property Description
MAJOR CASH FLOW!
11% Cap Rate
This is a Sale Lease Back to Catalyst Cannabis Co.
Catalyst Cannabis Co. has 27 stores open and operating.
Catalyst Cannabis Co. to rent back the property from Buyer for $20,000 Gross a month.
After construction the square footage of the structure will be approximately 2,929 square feet.
Licensed by the City of Lynwood & State of California for a cannabis retail store and should be able to complete construction in late July/August.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Other
Others
Tax ID 6194004016
Financing Cash
Special Listing Condition Standard
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Bought with NONE NONE • None MRML