Sarkis Tatarian Sells Industrial Cannabis Production Facility In Adelanto For $9M

The property asset involved in this transaction is an industrial facility located at 17080 Muskrat Avenue in Adelanto. The transaction was completed for a total price of $9,000,000. It encompasses a total square footage of 50,000, resulting in a price per square foot of $180. The facility is operational and was used for cannabis production.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,000,000
• Square Footage: 50,000
• Price per Square Foot: $180
• Market: Adelanto
• Seller: Sarkis Tatarian
• Broker: Lance Washington & Nick Danias - Mar Vista Partners

The deal was facilitated by brokers Lance Washington and Nick Danias, who represent Mar Vista Partners. They completed the sale of the operational cannabis production facility along with the underlying real estate. The brokers are available for assistance with acquisitions or sales of related assets throughout the US.