Downtown Los Angeles Retail Storefront License w/ Property - Phase 3

CannaMLS ID: 3495
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Pricing Details

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

Property Details

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

WeCann presents this rare opportunity to purchase a Phase 3 Retail Storefront (RSF) Preliminary Approval, in the City of Los Angeles.  The 6 unit, multi-tenant property is located in the heart of Downtown LA, with amazing traffic counts, and is currently generating rental income.  All terms negotiated will be contingent on the results of the audit the DCR is currently going through.  As we wait to hear back on the results of the audit, don't miss your chance to negotiate the best terms. Once favorable audit results are posted, pricing will be firm and possibly increase.  Seller is highly motivated! Request a NDA for more Info.

Asset Highlights 

  • RSF License Sales Price: $1,990,000
  • Property Sales Price: $2,800,000
    • Approximately 5,600 Sq. Ft. Property
    • 6 Units
    • All Other Tenants on MTM Leases
  • City Of LA Preliminary Licensing Approval Received w/ Invoice to Move Forward Once Audit is Complete

 

Price: $4,790,000

Listing Status: For Sale

Details

Date Listed For Sale: 2/4/2020
License Type: Retail Storefront - Type 10

Location: Los Angeles, California 90019

Recreational: Yes
Medicinal: Yes

Listing Type

  • Dispensary