Property summary
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.
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