Industrial Cannabis Facility | Sale Leaseback Opportunity
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Rittertime is offering a sale-leaseback of a state-of-the-art and turn-key cannabis cultivation, extraction and manufacturing facility which will be converted into a premier cannabis production facility for wholesale cannabis products. At full capacity, the facility will produce over 25,000 pounds of Grade A cannabis flower annually.
The developer of the project will be the licensed operator of the facility. They currently operate under 4 licenses in a 21,000 SF state-of-the-art cultivation facility in Denver, Colorado and strive to be the best-in-class multi-state operator in Colorado, California and Massachusetts in the Medical and Adult-Use cannabis industry. The proposed sale-leaseback transaction provides investors with an opportunity to make a long-term real estate focused investment in Massachusetts’ legalized cannabis industry by acquiring a mission-critical facility that is 100% NNN leased on a long-term basis, at a price offering extremely attractive yields. |
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| SNAPSHOT | |
| SITE: | Pittsfield, MA |
| PROPERTY: | 58,464 SF on 3.48 AC |
| FACILITY: | State of the art cultivation, extraction and manufacturing |
| SIZE: | 58,464 SF |
| ASKING PRICE: | $15,000,000 |
| CAP RATE: | 12% |
| LEASE TERMS: | 10-year NNN |
Interested?
We would love the opportunity to share more about this exciting project with you. The next step is for us to set up a short call to go over all of your questions and concerns as well as share with you key information that will aid you in your review of this opportunity.
We would love the opportunity to share more about this exciting project with you. The next step is for us to set up a short call to go over all of your questions and concerns as well as share with you key information that will aid you in your review of this opportunity.
