Property Description

Lease Details:

Status: Closed
M&A: No
Deal Type: Lease
License: Delivery
Building sqft: 2,850
Lease Rate: $2.23/SF + NNN
Total Lease Value: $397,731
Approximate Closing Date: 07-8/01/2021
Represented: Landlord
Listing Agent: Alex Spornick

Listing Details:

One cannabis-eligible unit remaining, a class-B office condo. Unit is currently owner-occupied, and will allow a future tenant to initiate licensing on the unit prior to lease commencement, saving several months of payments. Lease commencement will occur after owner/tenant is provided notice.

• Prime Costa Mesa location
• Size: 2,683 SF
• Pre-negotiated lease rate:
  • Suite 235: $2.50/SF + NNN
• Owners’ Association has agreed to allow cannabis distribution and delivery
• Property is leased AS-IS. Improvements are tenant’s responsibility
• Touring provided with proof of funds

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