Buyer will be purchasing a 49% interest in the entitY that owns the lease to the property, where the seller has completed brand-new tenant improvements for a licensed delivery business. List of improvements can be provided. Buyer would be assuming the existing lease and relationship with the social equity partner.
- Sales Price $125,000
- Tenant improvements for licensed delivery are complete
- Can be operational in 60 days
- Social equity applicant is easy to work with and looks forward to working with buyer
- Property Size: 1,200 SF
- Lease Rate: $3,500/month
The approved social equity applicant previously applied for a Phase 3 retail application at this location but did not win. However, all the social equity applicants who were not awarded a retail license in the Phase 3 can apply for a delivery license with priority processing. By purchasing this opportunity, you are receiving the full build-out for a delivery location in a highly sought-after area. Deal will be contingent upon obtaining a delivery license from the City of Los Angeles.
Property Id: 31302
Property Status: active
March 17, 2020