ON WEDNESDAY, AUGUST 19, 2020, AT 9:30 AM, AT THE STANLEY MOSK LOS ANGELES COUNTY SUPERIOR COURTHOUSE, DEPT 86, 111 NORTH HILL STREET, LOS ANGELES, CA 90012, THE BUSINESS ASSETS AND CANNABIS LICENSE NUMBER 0002207858-0001-0 (COLLECTIVELY, THE “BUSINESS ASSETS”) OF GOURMET GREEN ROOM, INC. DBA CHILL (COLLECTIVELY, “CHILL”) WILL BE SOLD. CHILL’S BUSINESS ADDRESS IS 1500 ESPERANZA STREET, LOS ANGELES, CA. THE BUSINESS ASSETS OF THE CHILL WILL BE SOLD BY WAY OF AN OVERBID HEARING.
THE OPENING BID WILL START AT $2,363,000. THE SECOND OVERBID WILL BE $2,400,000 AND INCREASE IN $50,000 INCREMENTS THEREAFTER UNTIL A WINNING BIDDER/BUYER IS DETERMINED. BIDDERS MUST BE PREQUALIFIED PRIOR TO THE AUCTION AND SIGN THE PRE-BID AUCTION QUALIFICATION & BROKER DISCLOSURE AGREEMENT. THIS NOTICE IS GIVEN PURSUANT TO C.C.P. 568.5
Original PRE ICO in Los Angeles, Business and Licenses sit on 1.83 Acres! This is a one-of-a-kind, fully vertical, cannabis campus with retail, cultivation, manufacturing, and distribution licenses in place (this is not a micro-business). The new owner could dominate the Distribution market in Southern California and establish the first-of its-kind cannabis campus in the state.
Gross building area (sf) 37,595
Foundation / Substructure Concrete slab-on-grade with perimeter and interior footings under load bearing structures.
Roof type Low slope, built-up roofing with mineral surfaced cap sheet at buildings Flat and pitched, corrugated metal and fiberglass at canopies.
Parking area Asphalt and concrete pavement at grade, with 24 Parking Spaces.
HVAC system Split system units, mini split system units, and through-wall air
Real Estate- 1.83 Acres, (Gross building area Sq Ft 37,595)
4 Licenses- Retail, Cultivation, Manufacturing & Distribution
Potential for landlord to provide additional funding for buildout
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.
If you have any questions Call Drew (619) 653-0483 for further details. THIS NOTICE IS GIVEN PURSUANT TO C.C.P. 568.5