Property Description
Lease Details:
Status: Closed
M&A: Yes
Deal Type: License Sale
License: Cultivation
Building sqft: 6,500
Lease Rate: $2.70/SF
Total Sales Value: $150,000
Total Lease Value: $1,047,663
Approximate Closing Date: 1/1/2021
Represented: Seller and Landlord
Listing Agent: Jason Piazza
Listing Details:
On Market Cannabis
Small cultivation license for build-out! Huge power in building now. Expected building permit approval date July 1, 2020. Additional space available in neighboring building for additional licensing. This license can be yours for a reasonable, cost based price. Tours available upon execution of an NDA. Big Power. Room To Expand. Ability to Purchase Building(s). Neighboring building has an additional 7,500 SF with 800 amps of power and a M2M tenant. Begin licensing on the expansion while building out the existing permit. Long Beach offers operators immediate access to all of SoCal’s most important dispensary markets: Long Beach, Santa Ana, Los Angeles, the Inland Empire, and San Diego. With the expectation of Orange County cities opening up dispensary licensing in the near future, this small cultivation license is prime for opportunity.
Property Highlights:
- Purchase Price Less Than Actual Cost
- Building Permit Expected In Early July
- New Owner to Complete Build-out
- Power Upgrade Not Required- 1200 amps of power
- +/- 6,500 SF Industrial Space
- Leased Premises / Landlord will renegotiate lease or sell property
- 2 Unit Building
- 2 Roll-Up Doors
- 1,200 Amps of Power
- Great Freeway Access
- Expansion possible to additional 7,500 SF neighboring building