🌟 Prime Cannabis Investment Opportunity in Biddeford, Maine! 🌿

💰 Investment Highlights:

• Exceptional tenant financial profile with personal guarantee.
• Cutting-edge electrical upgrades in 2021, including backup generators.
• State-of-the-art security system for peace of mind.
• Robust power capacity of 3200 Amps available.
• Recent installation of dedicated water line from the street.
• Full building sprinkler system enhances safety.
• Potential for an additional 20,000 SF expansion.

🏢 Executive Summary: Welcome to a visionary 28,119± square foot recreational grow facility. This cutting-edge space is meticulously designed with laboratory-grade fit-up, in partnership with one of Maine's premier cannabis companies. A lease backed by strong guarantees and escalators over the 9-year term ensures a secure investment.

📋 Property Facts:

• Price: $3,800,000
• Price Per SF: $135
• Sale Type: Investment NNN
• Cap Rate: 9%
• Property Type: Industrial
• Subtype: Manufacturing
• Building Class: B
• Lot Size: 3.44 AC
• Rentable Building Area: 28,119 SF
• Stories: 1
• Year Built: 1985
• Tenancy: Single
• Parking Ratio: 1.09/1,000 SF
• Clear Ceiling Height: 14 FT
• Dock-High Doors/Loading: 1
• Drive In / Grade-Level Doors: 3

🌱 Thriving Investment: This opportunity offers a secure and lucrative path into the cannabis industry, backed by an esteemed tenant. With a forward-looking expansion potential and top-tier facilities, this property sets the stage for a rewarding venture. For more information, explore the attached Offering Memorandum. Your gateway to success awaits! 🚀🌟

Listing # 10321