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31683643

515 HAMMONTREE DR, Morenci, MI 49256 For Sale

Van Esley Real Estate
Listed by Van Esley Real Estate
$5,000,000
1573 days on market
Updated 34 days ago

515 Hammontree Drive

Details
APN XM0300807500
Property Type Business for Sale, Land (+1)
Sub Type Business and Building, Agricultural (+6)
Square Footage 24,000
Cap Rate 6.41%
NOI $320,463
Tenancy Single
Price per SqFt $583
Year Built 2021
Acreage 3.160
Zoning Light Industrial

State of the Art Cannabis Grow Facility

Marketing description

Fully Operating, State of the Art Turn Key Marijuana Grow Facility with 3 Class C Recreational and 1 Medical Class C grow licenses. No expense was spare with this build. This 24,000 sq ft facility was completed in 2021 and is fully equipped with everything you need. There are 8 grow rooms, 6 of which have 52 HPS lights for flower and 2 rooms for veg and mothers. For HVAC, there are 6, 20 ton HVAC units and two 12.5 ton units. It also has a 1,000 Kilowatt transformer. In addition, there are 2 drying rooms, a trim room and a large vault. All of this is on 3.16 acres where you could expand approximately an additional 43,000 sq ft. LAND CONTRACT TERMS POSSIBLE! All information is estimated and should be verified.

Investment highlights

  • Commercial Exterior Features: Back-Up Generator,
  • Doors 10-15 ft, Loading Dock/Grade, Outside Lighting
  • Commercial Utilities: 3 Phase Power,
  • 440V Available, Fire Sprinkler, Security Alarm
  • Construction Materials: Block/Concrete/Masonry
  • Foundation Details: Slab
  • Frontage Feet: 222
  • Heating Fuel: Natural Gas
  • Lot Size Dimensions: 222 X 618 X 222 X 618
  • Road Frontage Type: Paved
  • Sewer: Sewer-Sanitary
  • Water Source: Municipal Water
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Van Esley Real Estate
Listed by Van Esley Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$320,462.91
$26,705.24/mo

Valuation Metrics

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DSCR
6.41%
Cap Rate
6.41%
ROI

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