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8111 37th Ave
Sacramento, CA 95824
Industrial Property For Sale
Investment Highlights
- Strong Tenant
- Long Term Lease
- High Cap Rate
- Well Cared For Property
Executive Summary
NNN Leased Cannabis Cultivation Facility | 8.3% Cap Rate
WeCann is pleased to present 8111 37th Ave, Sacramento — a single-tenant, triple-net leased cannabis cultivation and production facility occupied by Connected Cannabis Co., one of California's most respected and financially strongest cannabis operators.
The property consists of 11,500 square feet of industrial warehouse space situated on 0.69 acres in Sacramento's Power Inn corridor, the city's primary cannabis industrial zone. The building is zoned M-1S and holds an active California cannabis cultivation license.
Investment Highlights:
Asking Price: $3,300,000 | 8.3% In-Place Cap Rate
Monthly Rent: $22,838 NNN — zero late payments
Lease Expiration: March 31, 2034 (~8 years remaining)
Renewal Options: 2 x 5-year extensions
Scheduled Rent Escalations: 12.5% every 5 years
Corporate Guaranty: Connected International Inc.
The Tenant: Connected Cannabis Co. is a fully vertically integrated, multi-state cannabis operator founded in Sacramento in 2009. The company has raised $55M+ in institutional capital, distributes to 175+ dispensaries across California, and operates across California, Arizona, and Florida. Connected's Sacramento cultivation operations are anchored to this address — a licensed cultivation address cannot simply be relocated, creating deep structural occupancy motivation.
Downside Protection: At $285/SF, the asking price carries only a 24% premium over the $230/SF standard industrial market value — not the double or triple market multiples common in retail cannabis investments. Even in a worst-case re-tenanting scenario at standard industrial rents, the asset produces a 5.23% cap rate at asking price.
WeCann is pleased to present 8111 37th Ave, Sacramento — a single-tenant, triple-net leased cannabis cultivation and production facility occupied by Connected Cannabis Co., one of California's most respected and financially strongest cannabis operators.
The property consists of 11,500 square feet of industrial warehouse space situated on 0.69 acres in Sacramento's Power Inn corridor, the city's primary cannabis industrial zone. The building is zoned M-1S and holds an active California cannabis cultivation license.
Investment Highlights:
Asking Price: $3,300,000 | 8.3% In-Place Cap Rate
Monthly Rent: $22,838 NNN — zero late payments
Lease Expiration: March 31, 2034 (~8 years remaining)
Renewal Options: 2 x 5-year extensions
Scheduled Rent Escalations: 12.5% every 5 years
Corporate Guaranty: Connected International Inc.
The Tenant: Connected Cannabis Co. is a fully vertically integrated, multi-state cannabis operator founded in Sacramento in 2009. The company has raised $55M+ in institutional capital, distributes to 175+ dispensaries across California, and operates across California, Arizona, and Florida. Connected's Sacramento cultivation operations are anchored to this address — a licensed cultivation address cannot simply be relocated, creating deep structural occupancy motivation.
Downside Protection: At $285/SF, the asking price carries only a 24% premium over the $230/SF standard industrial market value — not the double or triple market multiples common in retail cannabis investments. Even in a worst-case re-tenanting scenario at standard industrial rents, the asset produces a 5.23% cap rate at asking price.
Property Facts
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 8.30% | Year Built | 1982 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 2/1,000 SF |
| Building Class | C | Clear Ceiling Height | 12’ |
| Lot Size | 0.60 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 11,500 SF | Opportunity Zone |
Yes
|
| Zoning | M2, City/Sacramento | ||
| Sale Type | Investment NNN |
| Cap Rate | 8.30% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.60 AC |
| Rentable Building Area | 11,500 SF |
| No. Stories | 1 |
| Year Built | 1982 |
| Tenancy | Single |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | M2, City/Sacramento |
Amenities
- Fenced Lot
- Property Manager on Site
- Security System
Property Taxes
| Parcel Number | 027-0360-019 | Improvements Assessment | $1,110,048 |
| Land Assessment | $262,472 | Total Assessment | $1,372,520 |
Property Taxes
Parcel Number
027-0360-019
Land Assessment
$262,472
Improvements Assessment
$1,110,048
Total Assessment
$1,372,520
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