Lease Rate: $2.46 / SF / Month + NNN or $32,000 / Month + NNN
For Sale: $2,000,000
Lease Rate: $2 PSF for year 1, $2.75 PSF years 2-5. $11,232/$15,444. NNN lease.
Zoned for Cannabis Manufacturing, Infusion, Distribution. Tenant improvements exceed $1,200,000 (1 draw has been taken at $90,000). Plumbing, concrete, framing have been completed. Additional roofing has been added and walls are being completed. Includes 400 Amp, 3 Phase power upgrade initiated by owner. Located in the approved priority zone for Marijuana cultivation, nursery, lab, and other related uses. Fully compliant building security with only minor upgrades needed. Gated yard with secure loading and parking. Offered at $2,000,000 for sale of real estate and licenses. Great opportunity for those seeking type 6 manufacturing, infusion, and distribution in Long Beach.
- Cannabis Use: Manufacturing, Distribution
- Licensed: Yes
- CUP: Yes
- Zoning: LBIG (MM Zone)
- Size: 0.16 acres; 7,124 SF
- Building Sqft: 5,616
- Building Stories: 1
- Equipment: Fully compliant security.
- Construction: Class B Building
- Grade Level Doors: 2
- Canopy Sqft: up to 5,000 SF
- Ceiling Height: 12 feet
- Existing Utilities: Electricity, Gas, Water, Trash, Sewer, Roads
- Power (amps): 400 amp, Phase 3 Power
- Parking: 1.07/1,000 SF; gated yard.
- APN: 7271-015-013
- Location: Industrial Long Beach
- City Tax Rate: 10.25%
- Year Built: 1955
Terms of Purchase
- Type: For Sale, Lease, JV / Investor
- Price: $2,000,000
- Lease Term: 5 years
- Lease Rate: $2 PSF
- Five year lease with option to purchase and/or extend five (5) years.
- Willing to JV with the right partner.
- Seller financing possible with qualified buyer.
- Real Estate Only
- Joint venture
Brittany Plain – Cannabis Real Estate Consultants – DRE#02005162
- ID: 5839
- Published: February 10, 2020
- Last Update: April 29, 2020
- Views: 291