4645 S Swenson Rd, Clayton, WA 99110

Listing office NAI Black

Listing date Sep 29, 2023

Source Crexi

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Overview

This 20-acre property, located approximately 25 miles northwest of Spokane, WA, is zoned for agricultural use. Constructed between 2015 and 2022, the property includes multiple buildings. Building 1 measures approximately 6,600 square feet, Building 2 is approximately 5,000 square feet, Building 3 is approximately 4,000 square feet, and Building 4 is approximately 10,000 square feet. Additionally, there are ten greenhouses (Buildings 5-14), each measuring approximately 3,000 square feet. The total building size across all structures is approximately 55,600 square feet. Existing tenants include Ray's Lemonade, described as one of the fastest-growing liquid cannabis manufacturers, and Phat Panda, a high-tech grow operation utilizing state-of-the-art technology and occupying the greenhouses. The in-place net operating income (NOI) is $349,000 NNN, with a cap rate of 7.05%.

Suggested Use

Garden Center Shopping Center & Mall

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

Location Insight

• Map
• Local Demand

City

Clayton

County

Stevens

State

Washington

Longitude

-117.566505

Latitude

47.966938

FAQs

What type of property is this?

Cannabis property - 20-acre cannabis and agricultural property northwest of Spokane, WA.

Where is this cannabis property located?

The property is located at 4645 S Swenson Rd Clayton, WA.

What is the asking price?

The asking price for this property is $4,950,000.

What are key features of this property?

This property features: High In‑Place NOI: $349,000 NNN with a 7.05% Cap Rate; Large Total Building Size: 55,600 SF +/- on 20 Acres +/-; Multiple Buildings: Includes a mix of warehouse/manufacturing buildings and 10 greenhouses