65283 Two Bunch Palms TL, Desert Hot Springs, CA 92240Show
Desert Hot Springs, CA | 32,000.00 sq. ft. | Est $ 12,600,000.00/mo
| Space Available: | 32,000.00 sq. ft. |
| Type: | Industrial - Warehouse |
| Est. Rent: | $437.50/SF/Month $5,250.00/SF/Year |
Brand New Construction, State of the Art Industrial Cultivation Facility - Construction was completed late last year with the lease commencing January 1, 2021.Leased to One of the Most Respected Names in the California Cannabis Industry, Canndescent - Cultivation facility is fully operational and producing high quality flower.Offering Some of the Best Returns in Investment Grade Real Estate - At a 12% rate of return in the first year of the lease (with increases thereafter), no other new construction industrial in California can compete.Over Four Years of Base Term Left on the Lease, with the Option to Blend and Extend in Escrow - Tenant has expressed a desire to exercise its first option to extend in exchange for a negotiated rent reduction.Heavy Investment into the Facility Demonstrates a Commitment to the Location - Tenant was responsible for almost all of its unique buildout within the facility which approaches seven figures worth of equipment, utility distribution, and other improvements.
Warehouse Property Information
65283 Two Bunch Palms TL provides tenants 32000 square feet of warehouse space for rent in Desert Hot Springs, CA.
This property is ideal for businesses seeking quality space for distribution, manufacturing and other warehouse uses.
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