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975 Kelly Rd Cumberland, MD 21502

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For Sale
$36,000,000

Fully leased industrial building with cannabis tenant and expansion potential.

Source: Scott Douglas Agent Scott Douglas

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

East Coast Cannabis Industry Opportunity

This unique sale/leaseback opportunity allows entry into the cannabis industry and industrial real estate market. The tenant will enter into a 20-year lease at escrow with six 5-year options. Grow West is located in Cumberland, Maryland, in close proximity to Pennsylvania, West Virginia, Washington DC, and Virginia state lines. This location allows for rapid market share increase by enabling interstate access once cannabis is recreationally legalized. The Maryland market is a limited license medical cannabis market with long-term growth potential. The property features a fully leased 208,645 square foot industrial building. The tenant has the potential to expand to an additional 61,000 square feet. This is an opportunity for accelerated depreciation as one of the largest cannabis growers on the East Coast.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Penn-Mar Recycling (check ... Junkyard GW Corporate Office

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cumberland
County
Allegany
State
Maryland
Longitude
-78.784228
Latitude
39.6405052

FAQs

What type of property is this?
Manufacturing property - Fully leased industrial building with cannabis tenant and expansion potential.
Where is this manufacturing property located?
The property is located at 975 Kelly Rd Cumberland, MD.
What is the asking price?
The asking price for this property is $36,000,000.
What are key features of this property?
This property features: - 20-year lease in place with six 5-year options, providing long-term income.; - Fully leased 208,645 sf industrial building.; - Opportunity to enter the Cannabis Industry and Industrial Real Estate market.
More about this property
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