PRICE REDUCED – Turnkey Distribution and Type 6 Manufacturing Facility in Los Angeles

11737 Wicks St, Sun Valley, CA 91352, USA
$550,000

Details

Listing 4898

Asking Price: $550,000

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
  • Sales Price for both licenses: $550,000

REAL ESTATE HIGHLIGHTS

  • 400 Amps Three Phase Power
  • 10,000 sq ft space
  • $0.75/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

  • ID: 10704
  • Published: October 19, 2023
  • Last Update: January 26, 2024
  • Views: 731

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