104 New Mohawk Rd
Nevada City, CA 95959
Property For Lease

104 New Mohawk (the “Project” or “Property”) is a 26,660 square feet R&D/manufacturing facility located in Nevada City’s “Cannabis Zone”, which allows for a wide variety of license types, including Type 7 Manufacturing (see the following link for more information on allowable license types: www.nevadacityca.gov/pview.aspx?id=20817&catid=0). The Property is zoned Light Industrial and features three ground floor entrances, two staircases to the upstairs on either side of the building, and an elevator, lending itself to becoming a demised, multi-tenant building. The Project is being offered at $2,500,000.00 ($93.77/SF), significantly lower than comparable cannabis allowed building sales over the past year. The Project is fully sprinklered, has ample power to the building, and relatively new infrastructure throughout. The Project represents a unique opportunity to acquire over 25,000 square feet of cannabis zoned property in a municipality with some of the lowest tax rates in the region, and an extremely limited amount of space which allows for commercial cannabis uses. With comparable properties and campuses trading in the $130/SF range, this offering allows an investor or owner–user to complete their buildouts and become operational or leasable at a cost basis which allows for extremely competitive lease rates. With over 30,000 square feet of cannabis leases completed in the last year, Nevada City has been seeing great interest due to its ideal geographic location, quality of life, and favorable business conditions. While ideal for a cannabis investor or user, the Property also lends itself to traditional R&D and office uses. The Project is currently used for general office purposes and has served historically as a headquarters for a video technology company.