Sold – Turnkey Distribution and Type 6 Manufacturing Facility in Los Angeles

Details

Listing 4898

License for Sale w/ Attractive Lease in Place

Great opportunity to step in to fully built out and licensed distribution and Type 6 Manufacturing facility located in Sun Valley, CA, under Los Angeles/DCR jurisdiction. Seller has been infusing cartridges and distributing successfully from this location. Seller is currently operating on a limited capacity at the property allowing for a smooth and easy transition for the buyer.

The property has undergone $2,000,000 in improvements. The location is ideal for a distribution hub. Located within 20 minutes of the San Fernando Valley, 30 minutes of DTLA, and 1 hour of Long Beach. The business currently leases the property for a low rental rate, and has a good relationship with the landlord. New operator could execute a new lease, or have the existing lease assigned to them.

BUSINESS HIGHLIGHTS

• Type 11 Distribution
• Type 6 Manufacturing – Non-volatile Extraction
• Ideally located to distribute efficiently to all of LA and surrounding markets
• Out of sight, secure location
• No debt tied to license or entity
• Fully compliant with Local and State Regulators

REAL ESTATE HIGHLIGHTS

• 400 Amps Three Phase Power
• 4,786 sq ft space
• $1.57/sq ft ($7,550)
• 5-year lease with 4 years remaining (can negotiate a lease extension)
• New Roof
• New HVAC System (Multiple Zones)
• 5 Parking spaces

Miklos Campuzano – Cannabis Real Estate Consultants – DRE# 02072292