Bought with NONE NONE • None MRML
$1,960,000
$2,150,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
2,929 SqFt
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
Square Footage 2,929 sqft
Price per Sqft $669
MLS Listing ID CRPW24125792
Sold Date 08/13/24
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Fireplace No
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