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STIIIZY Processing Facility 163 Premier Dr 89,400 SF 100% Leased Industrial Building Lake Orion, MI 48359 $21,605,907 ($241.68/SF) 9.75% Cap Rate
Investment Highlights
- Absolute NNN Lease with ZERO Landlord Responsibilities
- 2% Annual Rental Increases: The lease features 2% annual rent increases, providing consistent contractual income growth throughout the remaining lease
- Established & Growing STIIIZY Brand: Founded in 2017, STIIIZY is a vertically integrated cannabis company operating across seven states
- 10.5 Years of Remaining Lease Term: STIIIZY has approximately 10.5 years remaining on its lease
- Strategic Lake Orion Industrial Location: The property is positioned within an established industrial corridor near General Motors' Orion Assembly
- Tight Industrial Market - Industrial vacancy sits below 3.8% in this market, with substantial demand from automotive suppliers
Executive Summary
Absolute NNN Lease with ZERO Landlord Responsibilities
Property Facts
| Price | $21,605,907 | Property Type | Industrial |
| Price Per SF | $241.68 | Rentable Building Area | 89,400 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.75% | Year Built | 2021 |
| Price | $21,605,907 |
| Price Per SF | $241.68 |
| Sale Type | Investment |
| Cap Rate | 9.75% |
| Property Type | Industrial |
| Rentable Building Area | 89,400 SF |
| No. Stories | 1 |
| Year Built | 2021 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 09-35-476-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,721,280 |
Property Taxes
Parcel Number
09-35-476-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,721,280
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