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8294 Maverick Ln Ordway, CO 81063

Sponsored
For Sale
$650,000

High-yield cannabis cultivation facility; 5-year lease.

Property size:
12,960 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
Exceptional investment opportunity in Ordway, CO, featuring a 12,960-square-foot industrial building on a 5.2-acre lot. This single-tenant, net-lease property boasts a 10% cap rate and a remaining lease term of approximately 4.9 years, expiring April 18, 2025. The property, built in 2018, is currently 100% occupied by Legacy Gardenz LLC, a corporate-guaranteed tenant, under a triple-net (NNN) lease commencing February 21, 2024. The asking price is $650,000, translating to $50.15 per square foot. The property is zoned for commercial marijuana cultivation (AR - COMMERCIAL MARIJUANA) and includes all necessary equipment for cannabis cultivation, such as a Wadsworth Seed System, 30 Gavita lights, drying machine, racks, water pumps, feeding system, and water storage tanks. The building features 10,800 square feet of greenhouse space and 2,160 square feet of warehouse space. Utilities include Phase 3 power and city water. This property presents a strong cash-flowing investment with significant upside potential, and is offered as a standalone investment or as part of a portfolio with an adjacent property. The property's address is 8294 Maverick Lane, Ordway, CO 81063. APN: P000093.

Property Features for 8294 Maverick Ln

General Information

Property type
Distribution properties
Square Feet
12,960 SF
Lot Size
226,512 SF

Building Details

Year Built
2018
Buildings
1
Stories
1
Units
1

HighLights

  • $650,000 asking price for a net‑leased industrial property.
  • 12,960 square foot warehouse in Ordway, CO, suitable for distribution, manufacturing, and warehousing.
  • Triple‑net (NNN) lease with Legacy Gardenz LLC, a corporate guarantee, and a remaining term of approximately 4.9 years (Lease commencement 02/21/2024, expiration 04/18/2025).
  • 10% capitalization rate.
  • Property includes all equipment; located on a 5.2‑acre lot zoned for commercial marijuana cultivation.
Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Map

City
Ordway
County
Crowley
State
Colorado
Longitude
-103.717339
Latitude
38.23321

FAQs

What type of property is this?
Distribution property - High-yield cannabis cultivation facility; 5-year lease.
Where is this distribution property located?
The property is located at 8294 Maverick Ln Ordway, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: $650,000 asking price for a net-leased industrial property.; 12,960 square foot warehouse in Ordway, CO, suitable for distribution, manufacturing, and warehousing.; Triple-net (NNN) lease with Legacy Gardenz LLC, a corporate guarantee, and a remaining term of approximately 4.9 years (Lease commencement 02/21/2024, expiration 04/18/2025).
More about this property
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