North Hollywood - 41,000 sf with 22,000 sf Canopy Indoor Cultivation, Distribution, and Type 6 Man

CannaMLS ID: 4428
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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:
No
Has Buy-in Option:
No
Has Room For Expansion:
Yes
Operations Are Needed:
Yes

North Hollywood CA, 91605. 

3 buildings on the lot.

Building 1: temporarily occupied by ( land lords glazing and construction company). 1000 amps of power 

Building 2: Has 20,000 sqft 1st floor (where cultivation would be expanded to) and 12,000sqft 2nd floor where manufacturing and distribution would go). 3,000amps of power

Building 3: 9,000 sqft and currently has 120 bloom lights built out and is completely functional . 1,000amps of power

 

The license will cover all 3 buildings. Total sq ft of 41,000.  

Phase 2 license (Tier 3, NO social equity component) 

License types:

Manufacturing Type 6

Distribution Type 11

Cultivation: Medium indoor. Canopy max 22,000sqft

 

Current License status:  

Local (City of LA) will have to amend the application to allow a move next door so we can take over more space. A buildout will be needed so that the 22,000 feet of allowable canopy can be used. 

 

Listed By:

STEVE BERMUDEZ

Vice President, Transaction & Advisory Services

DRE # 02116483
Alternative Real Estate Investments, Inc

 

Price: $3,500,000

Listing Status: For Sale

Details

Date Listed For Sale: 11/9/2020
License Type: Cultivation, Distribution, Type 6 Manufacturing

Location: North Hollywood, California 91605

Recreational: Yes
Medicinal: Yes

Listing Type

  • Cultivation
  • Manufacturing
  • Distribution



 

 

 

 

 

 

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Terms And Options

The new triple net lease terms will be $1.75/sqft monthly until the power upgrade is complete. $2.30/sqft after the upgrade. 

5,000amp Power Upgrade was applied for in June of 2019.  Expected cost to be $750k.