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.
- 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.
- 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)
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.
Miklos Campuzano — WeCann — DRE#02072292