Licensed Cultivation & Type 7 Facility with Building Permits in Long Beach

2125 W 15th St, Long Beach, CA 90813, USA
$850,000

Details

Listing 3530

Lease Rate: $2.46 / SF / Month + NNN or $32,000 / Month + NNN

Asking Price: $850,000

Fully licensed business and building, which started improvements in 2021. Take advantage of great taxes at 1%, and a centrally located property in Southern California. Facility has sufficient power for two tiers of LED’s and a full type 7 facility. If the plans are followed, you can be operational in 4 months.

Current Lease

  • $19,500 per month or $2.65 PSF/M
  • Remaining two (2) years and six (6) months with one (1) five (5) year option to extend

Improvements completed

  • Approved Building Plans
  • All Plumbing Trenched
  • Bathroom Framing
  • Plumbing to City Upgraded
  • Flower Room Drainage Trenched
  • 800 A (3 Phase) Approved; Breaker has been purchased pending install

Utilities

  • Water on Grid? Yes
  • Available Power in Amps: 800
  • Parking: Yes
  • Ceiling Height: 18 ft
  • Infrastructure: Warehouse

Due Diligence

  • Due diligence folder with all licenses, entities, lease, and plans are to be provided to buyer, after NDA is signed and proof of funds has been confirmed.
  • Stamped Building Permits are at the premises, which can be viewed during the tour.

Purchase Terms

  • Sales Price: $850,000
    • Escrow to be 60 days, extendable until change of ownership is completed with city of Long Beach and the DCC.
    • 10% to be paid as EMD
    • Broker Co-Broker Commission 3%

 

Miklos Campuzano – Cannabis Real Estate Consultants – DRE# 02072292

  • ID: 8371
  • Published: November 24, 2021
  • Last Update: December 6, 2021
  • Views: 317

Plans

Site plan

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