Located in Long Beach, California, this property and entity are both fully licensed, with building permits arriving in the first week of February 2021. It took over 14 months to get through the entitlement process, skip straight to build out.
Being in the Low Tax Municipality, it's current tax is only 1%, it's a huge saving versus the average Coastal cities at 6% and requires no social equity.
Full due diligence package available: Plans; Permits; License Local; Licenses State; Incorporation Documents.
- Total Building Sqft: 4,500
- Approximate land acreage: 0.5
- Licensed or Eligible: Licensed
- License type: Manufacturing; Distribution
- Type 7 Option: Plans are approved for type 7 but require purchase of MEP30 equipment so that the city and the state can approve the documents and issue type 7 license.
- Time frame to be operational: under 1 month
Term of purchase
- For Sale: $1,950,000
- Building and Business with License has to be sold together (if you want to lease we would introduce you to a Cannabis Real Estate Investor and you would have to qualify to be a tenant)
- Financing available by private investment groups (no seller financing)
Miklos Campuzano – Cannabis Real Estate Consultants – DRE#02072292