TURNKEY MANUFACTURING & DISTRIBUTION IN LONG BEACH, CA

CannaMLS ID: 5663
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Price: $2,990,000


Listing Details


Listing Category
Manufacturing
Distribution

License Status
Municipal / local license granted
State / annual license granted

Medical
YES

Adult Use
YES

Price: $2,990,000

Listing Status: For Sale

Fully licensed and in operation Type-6 cannabis manufacturing and distribution. Never before offered for sale. 

 

This sale offers the opportunity to purchase a licensed cannabis manufacturing and distribution facility in Long Beach, California. The property is currently operational, and an operator will be able to start production immediately upon transfer. Seller financing is available.

 

The subject property, located at 1665 Cota Avenue has a state of California Adult-Use and Medicinal annual Type 6 Manufacturing license as well as a Type 11 Distribution license. Whether you have an established operation or a startup company, this facility offers a turnkey solution for operating in the Southern California market.

 

The City of Long Beach offers a desirable location for operating a cannabis business. The city is geographically positioned central to Los Angeles and Orange Counties. Drivetime to anywhere in the two counties is typically one hour or less. The City of Long Beach provides a business-friendly place of operation. The city has been a front-runner in establishing cannabis policies and promoting operations. The city recently reduced the cannabis business tax to 1%.

 

The facility consists of a 2,500 square foot structure on a 3,291 square foot lot. The building is configured with numerous utility rooms, and an ADA restroom, providing a functional space of operation.

 

The property is licensed with a limited Type 6 Manufacturing License and a Type 11 Distribution License. The Type 6 Manufacturing License permits for extraction with non-volatile solvents, manufacturing operations, including formulation, pen filling, joint rolling and more. The permitted operations under the license can be expanded upon. Current ownership has architectural plans for building out a type 7 extraction with volatile solvents. The Type 11 Distribution License allows for transport of products.

 

The site is located at 16th and Cota Street in West Long Beach. The property is located in a central location, offers convenient access to the Southern California freeway network, and is only ¼ mile from a freeway access point.

 

For out of state operators, this facility offers a turnkey expansion opportunity into the California market. The property provides for a functional manufacturing facility and a secure distribution hub.  Basic manufacturing operations can be expanded upon if desired. The property provides a reasonably-priced opportunity to start operations immediately, and the ability to expand the operations if/when desired.

 

The Long Beach City Council staff has recommended that retail cannabis delivery will be vastly expanded and may be voting to enact this in the next few months.

For showing instructions send POF to the listing email. 


Listing Details

Listing Status
For Sale

Location
Long Beach, California 90813

Date Listed For Sale:
10/11/2021

Date Last Updated:
10/11/2021

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
2500 sq ft

Lot Size (acres)
3500 acres

Built out / Turnkey
YES

Equipment Included
NO

Room for Expansion
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$2,990,000

Property Purchase Price
$2,990,000

Property Lease Rate
$15,000/month

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