200 Northwestern Ave, Rio Dell, CA 95562
- Life science properties
- 14,400 SF
- 3.30 lot acres
Current Use by Public Records
- Life science properties
Property Details for 200 Northwestern Ave
- Year built
- 2023
- Lot size
- 3.30 lot acres
- Property type
- Life science properties
- Property subtype
- Industrial properties
Description
This exceptional 3.3-acre industrial property in Rio Dell, California, offers a unique investment opportunity. Located adjacent to Highway 101 in Humboldt County, the property features a nearly completed 14,400 square foot, two-story building with 14,400 square feet of net rentable space. The building is currently vacant and offers a buyer the flexibility to customize finishes to their specifications. The property boasts Commercial Industrial (IC) zoning and includes extensive infrastructure improvements, such as utilities, sidewalks, and a robust 3-phase, 1600 AMP power supply. The remaining land provides ample space for outdoor storage or the potential development of additional buildings, creating an industrial business park. Furthermore, a full Conditional Use Permit (CUP) is in place for cannabis cultivation, manufacturing, and distribution, capitalizing on Humboldt County's prominent position in California's thriving cannabis industry. The property's assessed value is $6 million (as of September 2022). With a pro-forma NOI of $397,047 and a pro-forma cap rate of 7.94%, this property presents a compelling investment opportunity for both owner-users and investors seeking exposure to a high-growth market. The asking price is $5,000,000, with a price per square foot of $347.22. The property was built in 2023 and has an APN of 205-111-021-000. The property's location is 200 Northwestern Ave, Rio Dell, CA 95562.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio Dell
- County
- Humboldt
- State
- California
- Longitude
- -124.137
- Latitude
- 40.5173
