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

CannaMLS ID: 4428
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Price: $3,000,000


Listing Details


Listing Category
Cultivation
Manufacturing
Distribution

License Status
Provisional license granted
Municipal / local license granted
Cultivation, Distribution, Type 6 Manufacturing

Medical
YES

Adult Use
YES

Price: $3,000,000

Listing Status: For Sale

North Hollywood CA, 91605. 

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). 

Building 3: 9,000 sqft and currently has 90 bloom lights built out . 

 

The license will cover all  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

steve@crec.us

 


Listing Details

Listing Status
For Sale

Location
North Hollywood, California 91605

Date Listed For Sale:
11/20/2020

Date Last Updated:
6/11/2021

Property Details

Room for Expansion
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$3,000,000

Lease Terms:

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 recently received.


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