City of Los Angeles Cannabis Testing Laboratory near Downtown Grows

CannaMLS ID: 4863
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Price: $1,059,000


Listing Details


Listing Category
Other

License Status
Municipal / local license granted
Cannabis Testing Laboratory

Medical
YES

Adult Use
YES

Price: $1,059,000

Listing Status: For Sale

Affordable Opportunity to Enter the Cannabis Testing Space; 50% Seller Financing. Very well priced opportunity to acquire a City of Los Angeles licensed Cannabis testing laboratory located close to the many cultivation facilities in downtown Los Angeles.  
Seller Financing for 50% of sale price. Facility is in equipment-ready condition. New build-in with more than $300,000 spent on top of the line bench and casework, organized for optimized sample flow and throughput. Utilities, including high purity water and a fume hood, and air handling required for multiple units of all testing instruments, is in place. Facility is set up for easy drop off and processing of test samples. With the appropriate instruments, the lab is capable of performing more than 200 tests/day. Buyer has the option of utilizing Seller's arrangement with a leading instrumentation provider for major equipment at a discounted price.  Cost to completion is approximately $900,000 and a state license must be secured. 2300 sq. ft. Seller/Owner will negotiate a 10 year lease with two 5 year options, at market rates. City water and sewer.  Power 110/220(work stations).  Plenty of street parking. Seller is available to assist on local and state license processes and to supervise the completion of the site plans, at market rates. NDA and POF required.


Listing Details

Listing Status
For Sale

Location
Los Angeles, California 90011

Date Listed For Sale:
3/5/2021

Date Last Updated:
6/10/2021

Generating Revenue:
NO

Operational:
NO

Property Details

Built out / Turnkey
NO

Equipment Included
NO

Green Zone Confirmed
YES

Pricing Details

Listing Price
$1,059,000

Lease Terms:

2300 sq. ft. Seller/Owner will negotiate a 10 year lease with two 5 year options, at market rates.


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