Type 7 & 11 Licenses with Real Estate Included & Plans Approved For Buildout

CannaMLS ID: 4271
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Price: $4,500,000


Listing Details


Listing Category
Manufacturing
Distribution


Price: $4,500,000

Listing Status: For Sale

This is an amazing opportunity to acquire a 9,864 SF class A industrial building in the city of Long Beach with State approved Type 7 &11 Licenses.  Plans have been approved by the city so an operator can begin TIs immediately for city approved CUP for Manufacturing & Distribution.  Building Appraised in May 2020 for $4,000,000 as a Non Cannabis Value.  The city of Long Beach has reduced its cannabis tax to 1% making it a prime investment opportunity for operations.  2 sets of roll up doors on the side of the building as well as 2 separate front door entrances as well as plenty of office space in the front.  

 

Long Beach local government is cannabis-friendly, and the permitting process is streamlined to facilitate the establishment of a robust local cannabis industry. Long Beach also offers quick access to several of the largest cannabis retail markets in California including: Los Angeles (#1), San Diego(#2), Long Beach (#7), and Santa Ana (#11).


Listing Details

Listing Status
For Sale

Location
Long Beach, California 90805

Date Listed For Sale:
10/14/2020

Date Last Updated:
10/14/2020

Property Details

Built out / Turnkey
NO

Room for Expansion
YES

Pricing Details

Listing Price
$4,500,000

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