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Warehouse

6613 Hollis St

6613 Hollis St, Emeryville, CA 94608

Listing Price: $3,400,000

Cap Rate
10.00%
Gross SF
5,505
Price/Gross SF
$617.62
Lot Size
0.15 acres
Year Built
1949
Rentable SF
5,505

Investment Overview

The Ida Group of Marcus & Millichap is pleased to present the opportunity to acquire 6613 Hollis Street in Emeryville. The building is a unique mix of multiple cannabis tenants and Rotten City Pizza, which is owned and operated by the building owner. The 6613 Hollis Cannabis Manufacturing, Distribution and Non-Storefront Dispensary Incubator Facility conditional use permit authorizes the following commerical cannabis activities (and related use) at the property: the possession, manufacturing (without volatile solvents), distribution, processing, storing, labeling, and non-storefront dispensary (delivery only to end users). Both the cannabis use permit and the beer & wine license run with the real estate, so in the event of a sale a new owner would be able to take advantage of these rare uses. Should a new owner want to continue the operation of Rotten City Pizza (besides the 12 month leaseback), the ownership would be open to discussions of buying the business. This asset offers a unique opportunity for owner/users or investors to take advantage of a well-respected and proven business while enjoying healthy rents from existing tenants.

Investment Highlights

  • Located on the main industrial corridor in Emeryville with Easy Access to the 880
  • The multi-tenant asset provides stability
  • Prime user opportunity to take advantage of a great corner location and take over Rotten City Pizza
  • CUP allows the possession, manufacturing, distribution, processing, storing, labeling, and non-storefront dispensary

Exclusively Listed By

Listing Price: $3,400,000

Cap Rate
10.00%
Gross SF
5,505
Price/Gross SF
$617.62
Lot Size
0.15 acres
Year Built
1949
Rentable SF
5,505

Investment Highlights

  • Located on the main industrial corridor in Emeryville with Easy Access to the 880
  • The multi-tenant asset provides stability
  • Prime user opportunity to take advantage of a great corner location and take over Rotten City Pizza
  • CUP allows the possession, manufacturing, distribution, processing, storing, labeling, and non-storefront dispensary

Investment Overview

The Ida Group of Marcus & Millichap is pleased to present the opportunity to acquire 6613 Hollis Street in Emeryville. The building is a unique mix of multiple cannabis tenants and Rotten City Pizza, which is owned and operated by the building owner. The 6613 Hollis Cannabis Manufacturing, Distribution and Non-Storefront Dispensary Incubator Facility conditional use permit authorizes the following commerical cannabis activities (and related use) at the property: the possession, manufacturing (without volatile solvents), distribution, processing, storing, labeling, and non-storefront dispensary (delivery only to end users). Both the cannabis use permit and the beer & wine license run with the real estate, so in the event of a sale a new owner would be able to take advantage of these rare uses. Should a new owner want to continue the operation of Rotten City Pizza (besides the 12 month leaseback), the ownership would be open to discussions of buying the business. This asset offers a unique opportunity for owner/users or investors to take advantage of a well-respected and proven business while enjoying healthy rents from existing tenants.

Exclusively Listed By

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