Distribution and Nursery CUP and building permits for sale or investment

CannaMLS ID: 3412
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Pricing Details

Full Buy Out Price:
$5,000,000
Buy In Price:
$500,000
Ownership Percentage:
10 %

Property Details

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

This listing is for partial ownership or full buy out of two CUP (one 3000sqft distribution and one 2500 sqft Nursery). The distribution has also received its state provisional license status. 

 

at 5500 sqft the rent is 6750/month, almost half of anywhere else in the area.

There are still a few tenant improvements that need to be done before the final walk through can be completed and the facility is fully operational.

The Company has been around since 2016 and has an established network to once this facility has reached its final license status. Financials are available after signing NDA and NCAs.

Asking pricing for similar licenses are anywhere from 4-7million dollars. Owners are mostly interested in a partnership or a loan backed by equity in the company. They have all previous transactions since opening in 2016 documented. They are in the final steps of the licensing process and need some help finishing the Tennant improvements. 

Owners are ready to move forward with serious inquiries immediately.

Price: $3,500,000

Listing Status: For Sale

Details

Date Listed For Sale:
License Type: Distribution and Nursery

Location: California 93401

Recreational: Yes
Medicinal: Yes

Listing Type

  • Cultivation
  • Distribution


Terms And Options

4 more years left on lease with 2 more 5 year options

6750/ month. once buildout is finished there will be 5500sqft for an average of $1.23/sqft

average lease price in the area is $2.50/sqft