Joint Venture – Previously Operational Facility – Manufacturing & Distribution (Cultivation possible)

$ 1,500,000
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Miklos Campuzano

Phone:858-925-4553
Email:[email protected]

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Property Description

Listing 178

Asking: Joint Venture 30% Landlord / 70% Operator

(No Rent, including ownership of the property for the operator)

Property is worth $4M appraised at $3.5M in 2019, licenses is worth $750,000 all of this is included as part of the JV as per final negotiations. This facility is ready for operations and perfect for a manufacturer or distributor who either needs a large space or would like to amend some of the space for cultivation.

Details

  • 1 of 40 MPF’s
  • Building Size 15,950 sq ft (two floors equal in size)
  • 16 Parking Spaces
  • Sufficient electricity for fully operational facility (including cultivation 1200 A 3Phase) is fully distributed throughout the building.
  • Rent: Asking $2.00 PSF
  • MPF + CUP are active and in good standing
  • New CUP requirements laid out for operator (minor work on the property needed)
  • Requires minimal work to get operational again, including equipment and some work on the pavement (estimated $50,000) as per new city code.
The Marijuana Production Facility operations include:
  • Fully built out facility for manufacturing in distribution. (previously operational)
  • All rooms, are compliant with their current uses per previous state licenses.
  • Security System in place throughout the building as per state regulations.
  • Power distribution for rooms that can be used for cultivation (existing but not in use)
A full due diligence package is available for all serious operators once a MNDA and proof of funds has been provided.
Operator will be required to have at least $500,000 in investible funds or equipment for a JV, and the amount of money invested will solidify the JV percentages. 
Please contact us and our compliance department or legal affiliates to discuss in detail how these transactions work. 

Miklos Campuzano — WeCann — DRE#02072292

 

City:
State/County:
Country: United States
Property Id: 34512
Price: $ 1,500,000
Property Size: 15,950 ft2
Property Status: active

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