Property Description
Listing 4898
Asking Price: $550,000
License for Sale w/ Attractive Lease in Place
Great opportunity to step in to fully built out and licensed distribution and Type 6 Manufacturing facility located in Sun Valley, CA, under Los Angeles/DCR jurisdiction. Seller has been infusing cartridges and distributing successfully from this location. Seller is currently operating on a limited capacity at the property allowing for a smooth and easy transition for the buyer.
The property has undergone $2,000,000 in improvements. The location is ideal for a distribution hub. Located within 20 minutes of the San Fernando Valley, 30 minutes of DTLA, and 1 hour of Long Beach. The business currently leases the property for a low rental rate, and has a good relationship with the landlord. New operator could execute a new lease, or have the existing lease assigned to them.
BUSINESS HIGHLIGHTS
- Type 11 Distribution
- Type 6 Manufacturing – Non-volatile Extraction
- Ideally located to distribute efficiently to all of LA and surrounding markets
- Out of sight, secure location
- No debt tied to license or entity
- Fully compliant with Local and State Regulators
- Sales Price for both licenses: $550,000
REAL ESTATE HIGHLIGHTS
- 400 Amps Three Phase Power
- 10,000 sq ft space
- $0.75/sq ft ($7,550)
- 5-year lease with 4 years remaining (can negotiate a lease extension)
- New Roof
- New HVAC System (Multiple Zones)
- 5 Parking spaces
Miklos Campuzano – Cannabis Real Estate Consultants – DRE# 02072292
