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STIIIZY Processing Facility 163 Premier Dr 89,400 SF 100% Leased Industrial Building Lake Orion, MI 48359 $30,031,994 CAD ($335.93 CAD/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 | $30,031,994 CAD | Property Type | Industrial |
| Price Per SF | $335.93 CAD | Rentable Building Area | 89,400 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.75% | Year Built | 2021 |
| Price | $30,031,994 CAD |
| Price Per SF | $335.93 CAD |
| 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 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,172,542 CAD |
Property Taxes
Parcel Number
09-35-476-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,172,542 CAD
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STIIIZY Processing Facility | 163 Premier Dr
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