For Sale
$5,000,000

200 Northwestern AveRio Dell, CA 95562

14,400 SF Industrial Building, $5M

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • 3.3-acre industrial parcel in Rio Dell, CA, adjacent to Highway 101.
  • Zoned Commercial Industrial (IC), with utilities, sidewalks, and a 1600 AMP, 3-phase power supply.
  • Nearly completed 14,400 SF, two-story building offering customizable finishes.
  • Ample land for outdoor storage or future development of additional buildings.
  • Full Conditional Use Permit (CUP) for cannabis cultivation, manufacturing, and distribution.
  • Located in Humboldt County, a major California cannabis production area.

Property Details for 200 Northwestern Ave

Property type
Life science properties, Industrial properties
Square Feet
14,400 SF
Year Built
2023
Stories
2
Lot Size (sq. ft)
143,748 SF

Location Insight

City
Rio Dell
County
Humboldt
State
California
Latitude
40.517332133268
Longitude
-124.13691631896
200 Northwestern Ave, Rio Dell, California

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200 Northwestern Ave
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