City of LA Manufacturing & Distribution Licenses for Sale

CannaMLS ID: 2059
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Price: $4,000,000


Listing Details


Medical
YES


Price: $4,000,000

Listing Status: For Sale

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). 


Listing Details

Listing Status
For Sale

Location
Los Angeles, California 90021

Date Listed For Sale:
12/17/2019

Date Last Updated:
12/18/2019

Property Details

Built out / Turnkey
YES

Room for Expansion
YES

Pricing Details

Listing Price
$4,000,000

Lease Terms:

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


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