City of LA Manufacturing & Distribution Licenses for Sale

CannaMLS ID: 2059
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Pricing Details

Full Buy Out Price:
$4,000,000
Buy In Price:
$350,000
Ownership Percentage:
8.43 %

Property Details

Property Is Leased:
Yes
License Is Movable:
Yes
Real Estate Is Included:
No
Has Buy-in Option:
Yes
Facility Is Built Out:
Yes
Has Room For Expansion:
Yes
Operations Are Needed:
No

Phase 2 Cannabis Licenses for Sale:
Type-6 Manufacturing 
3,200 sq. ft.
Tier 2 Social Equity Partner

Type-11 Distribution/Transport
3,200 sq. ft.
Tier 2 Social Equity Partner

Both licenses are active and operational, and are available for sale together. Each entity occupies separate buildings on a 17,000 sq. ft. gated compound in downtown Los Angeles with security system and climate control already in place. This rare opportunity is one of two licenses actually producing edibles in the City of Los Angeles. Rent is $1.37 per sq ft ($8,750) plus triple net. M-2 Zoning Lease is a 3 year lease with 4% annual increase and option to renew for 5 years at the end of the 3 year term.

*Both licenses are eligible to add Type-9 Delivery Retail in Round 3 of Phase 3 for the City of Los Angeles licensing (in mid-2020). 

Price: $4,000,000

Listing Status: For Sale

Details

Date Listed For Sale: 12/17/2019
License Type: Type 6 Manufacturing and Type 11 - Distribution

Location: Los Angeles, California 90021

Recreational: Yes
Medicinal: Yes

Terms And Options

3 year lease, triple net, $1.37/sq ft. Option to extend for another 5 years. 4% annual increase.