191± AC in Northern California

Located in Humboldt County, this property is nestled in the northwestern coastal region of California. Known for its rugged natural beauty, the county encompasses 4,052 square miles of land, including 110 miles of scenic coastline. U.S. Highway 101, a vital north-south corridor, connects Humboldt County to San Francisco, located 270 miles to the south. As of March 2021, the county’s unemployment rate stood at 6.7%, notably lower than the state’s 8.5% rate. The region has demonstrated economic stability since the recovery from the 2008-2011 recession and is gradually rebounding from the impacts of the 2020 COVID-19 pandemic. Key contributors to the local economy include retail, service industries, healthcare, government and institutions, alongside a thriving timber sector—Humboldt County leads the nation in timber production and accounts for 20% of California’s wood products.Offer Deadline: February 26 On-Site Inspecitions: By Appointment Only, Call to Schedule Hilco Real Estate Sales and Murray Wise Associates are pleased to offer this former tulip farm with ample redevelopment opportunities, currently leased to a variety of good credit tenants. Situated at the edge of Arcata, CA, within Humboldt County’s jurisdiction, this property provides users or developers with multiple opportunities, including continuing leasing it to various tenants, utilizing it for their own operations or redeveloping it entirely. The property consists of a 418,000± SF industrial building, 48,000± SF of which is non-food-grade cold storage, on 191 ± AC of land. Currently, 30 AC of land is leased to Driscoll’s Berries, 25 AC to First Power Solar and a portion of the building is leased to Sierra Madre Mushrooms. The property has excellent connectivity for shipping, as it is located one and a half miles from U.S. 101 and nine and a half miles from the Arcata–Eureka Airport. The Port of Humbolt Bay is also less than an hour away, allowing access to Northern California’s only deepwater port. Future owners or investors can take advantage of this bank-directed sale to establish a new operation or capitalize on existing leases.