TITLE:
$12,500/mo NNN
CONTROL:
Owner
VALUE:
$350,000
LOAN:
$73,200
EQUITY:
$276,800
TYPE:
Retail/Commercial
HAVE:
22 Ac Marijuana Farm. Solar with generator back up, well, septic, 2000 sqft home and drying room multiple greenhouses. River frontage. Licensed and permitted grower in place grosses $450k/yr. NNN leased @$12,500/mo. Tenant has Option to purchase
ADDRESS:
900 Golden Gate Dr, Charlotta, California
BENEFITS TO NEW OWNER:
NNN Lease. mailbox money. Tenant wants to purchase ASAP but probably after 2/13/25. ask 4 details
GROSS SCHEDULED INCOME:
$150,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$150,000
EXPENSES:
$0
NOI:
$150,000
DEBT SERVICE:
$18,000
CASH FLOW:
$132,000
CAP RATE:
42.86%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$73,000
$1,500
12%
09/01/2026
Yes
BENEFITS SOUGHT:
use equity as can add for other package(s) in book. NOT a don't wanter.
CAN ADD:
$175k Cash 1031 money in book
$200k paper well seasoned and secured
$1M cash with must take in book
REMARKS:
appraised $350,000 in 2022 prior to our purchase. about 45 miles east of Eureka CA and an hour south of OR border. On 2/13/25 option price is $87,500. If not exercised then, he gets $4,500/mo credit in mo's 19-30 and $6,500/mo months 31-36
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange, California, 92869
