SOLID INVESTMENT OPPORTUNITY! 6800 sf (approx) custom home and outbuildings on 3.9 acres valued at 2.45 M. Plus the land and buildings of the Pelindaba Lavender business are being sold with the option of a continually renewable NNN 10-year leaseback to Pelindaba. NNN Lease of the $3M commercial property would be adjusted every 5 years based on CPI at 8% ($240,000/year). Conservative estimated commercial land value and building replacement costs: Land value: 19 acres (3 parcels) = $1.M; Improvements: 15,000 sf manufacturing/office building x $300/sf = $4.5M, 1500 sf store facility x $250/sf = $375K, and 430 sf cottage x $350/sf = $150K… For an estimated total value of $6M, with future tenant improvements adding further value.
