FULLY VERTICAL OPPORTUNITY IN MONTEBELLO WITH AFFORDABLE LEASE

CannaMLS ID: 3618
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Pricing Details

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

Property Details

Property Is Leased:
Yes
Has Buy-in Option:
No
Has Room For Expansion:
Yes

Asking Price: $1,050,000

  • Licensed: Yes
  • Cannabis Uses: Cultivation, Delivery, Distribution, Extraction
  • Offer Type: For Sale, Lease
  • Lot Size: 3 acres
  • Building Sqft: 13,500
  • Canopy Sqft: 10,000
  • Power (amps): 1200
  • City Tax Rate: 2%
  • Existing Utilities: Electricity, Gas, Water, Trash, Sewer, Roads

Opportunity to grow into more space, owner is the user and is willing to scale back on his businesses use of the space as you grow.

Details:

  • 60,000 sq ft building of which 13,500 sq ft are leased for cannabis
  • 1200 Amps upgrade pending currently 600 amps
  • Estimated build out for cultivation $1,100,000
  • Plenty of parking 13 parking allotted per CUP requirements to the business
  • 2 Ground Loading Doors

Terms of Purchase:

  • $1,000,000 Purchase Price
  • Seller Financing Available

New Owner will acquire business with CUP and will need to do the following:

  • Apply for State Licenses (2 months)
  • If you want Manufacturing pay $10,000 to add the use to the CUP (1 month)
  • Finalize build out after planning department approves final designs (1 month)
  • Acquisition of the Entity and Filing Change of Ownership in City of Montebello (2 weeks)
  • Operational in 5 Months
  • Lease is currently $1.75 psf gross, and we have the ability to lower that as we take on more space.

Legal:

  • Attorneys & Compliance who have filed the Development Agreement can continue to service the business post acquisition

Location:

  • Strategically Located in Los Angeles County
  • Can deliver to over 10 million people
  • 20 minutes from LAX

 

Price: $1,050,000

Listing Status: For Sale

Details

Date Listed For Sale: 3/4/2020
License Type: Cultivation, Delivery, Extraction, Distribution

Location: Montebello, California 90640

Recreational: Yes
Medicinal: Yes

Listing Type

  • Cultivation
  • Manufacturing
  • Distribution
  • Home Delivery





Terms And Options

Lease is currently $1.75 psf gross, and we have the ability to lower that as we take on more space.