Lease Rate: $2.46 / SF / Month + NNN or $32,000 / Month + NNN
Asking Price: $350,000
This is a prime location in the bay area with a fully built out facility with distribution and delivery licenses. Business will be delivered with 2 years remaining and one 5-year option to extend for the 6,986 sqft suite. This is the best location tax wise in the Bay Area for distribution and delivery, the savings alone are a reason for a cannabis operator to relocate or set up shop in this location.
Time to be operational is within 60 days, no inspections necessary only change of ownership and your own equipment and improvements.
Other tenants are also cannabis businesses and share the building which was permitted by the seller. One 2,800 sqft which is currently under control of another operator, may be open to negotiations.
Facility Amenities and Improvements
- 18 parking spaces allotted for this business
- Fully built out facility with certificate of occupancy
- $60,000 in security improvements 50/50 between tenants
- $55,000 in additional improvements including sally port, and common areas 50/50 between tenants
- Landlord improvements brought building up to code for ADA compliance.
- 6 Minutes from the 101 HWY
- 13 minutes from San Francisco, 35 minutes from Oakland,
40 minutes from Palo Alto, 55 minutes from San Jose.
- The best location and municipality to run a delivery
business from in the Bay.
A full due diligence package will be provided to qualifying buyers, after signing an NDA and providing proof of funds for acquisition and rent for 6 months.
- Operational history of two (2) years of legal operation
- Leasing References (that we may contact)
- Bank Statements
- Have a qualified attorney that understands change of ownership
- 5,955 sq ft distribution
- 1,031 sq ft delivery
- Entity Documentation
- Equipment List
- Vehicles can be added in addition to the sales price
Term of Purchase
- Sales Price: $350,000
- EMD $35,000 (Refundable)
- 60 day escrow, extensions automatic until change of ownership is complete
- Business will be delivered clean and free of liens, encumbrances, debts, and only a lease.
- Assumption of Lease $23,773.61 (including NNN)
- Remaining two (2) years of lease with one (1) 5 year option.
- Buyers’ attorney will be directly involved in any documentation submitted for change of ownership at the local and state levels.
- 2800 sq ft of space may be available for negotiations with neighbor in the same building.
Co Brokering Commission of 3%.
Miklos Campuzano – Cannabis Real Estate Consultants – DRE# 02072292
- ID: 8376
- Published: December 6, 2021
- Last Update: January 6, 2022
- Views: 239