8294 Maverick LnOrdway, CO 81063

For Sale
$650,000

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

Overview

Added:
Dec 11, 2024
Days on market:
90
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.

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 Details for 8294 Maverick Ln

Property type
Other warehouses, Other industrial properties
Square Feet
12,960 SF
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
226,512 SF
Units
1

Location Insight

City
Ordway
County
Crowley
State
Colorado
Latitude
38.23321
Longitude
-103.717339
8294 Maverick Ln, Ordway, Colorado

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8294 Maverick Ln
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