STRATEGIC & LICENSED LOCATION FOR MANUFACTURING AND DELIVERY IN LA COUNTY

CannaMLS ID: 3337
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Pricing Details

Full Buy Out Price:
$0
Buy In Price:
$0
Ownership Percentage:

Property Details

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

This is one of the most affordable delivery licenses in Los Angeles County, with a low tax rate and is paired with manufacturing and distribution licenses.  The location is strategically situated for easy delivery throughout LA, only 3 minutes from the I-5, 6 miles from downtown, 12 miles to Hollywood and 21 miles to LAX.

Type 7 Volatile Manufacturing. Compliant Property CMM2 with Local Municipal License. Operator/Buyer will need to finalize state licenses. Full Due Diligence Package (Municipal License, Incorporation Documents, Business Plan, Layout).

  • Cannabis Uses: Delivery, Manufacturing, Volatile, Distribution, Extraction
  • Lot Size: .14 acres
  • Building Sqft: 4230
  • 1800 sq ft Manufacturing
  • 1800 sq ft Distribution & Non Store Front Delivery
  • 600 sq ft security & office
  • Power (amps): 1200
  • City Tax Rate: 1
  • Year Built: 1981
  • Existing Utilities: Electricity, Gas, Water, Trash, Sewer, Roads
  • CMM2 Zoning

Development Agreement / Local Licensing
 – DA available after proof of funds and MNDA are executed
 –  Business Plan (Available for State Application) 
 – Full Data Room Will be Shared
 – Requires Proof of Funds & MNDA to Tour Property
 – 2 Months for State License Application (CREC Compliance can help)
 – Operational in 6 Months with Build Out

Terms of Purchase: $2.95M Purchase Price, $1.65M for Property, $1.3M for the business with licenses

  • 45 day escrow (local change of ownership)
  • Lease option (depending on strength of operator)
  • Proof of funds required to tour property

Taxes

  • 3% (Manufacturing & Distribution)
  • 5% (Non Store Front Retail – Delivery)
  • Annual City Fees $32,000, $42,000

Price: $2,950,000

Listing Status: For Sale

Details

Date Listed For Sale: 2/10/2020
License Type: Delivery, Home Delivery

Location: Commerce, California 90040

Recreational: Yes
Medicinal: Yes

Listing Type

  • Distribution
  • Home Delivery
  • Other



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Terms And Options

Lease optional: $3/sf + NNN 

- Requires purchase of business with licenses

- valued at $1.3 million