Property Description

Listing 4885

Sales Price: $4,000,000

• Fully approved State of New Jersey Cannabis Class 1 Cultivation, and Class 2 Manufacturing License
  • Attached to a 77,000 SF facility
  • Construction Plans have been approved by the local municipality
  • Buildout will be completed in two phases
    • Phase 1: 40,000 SF portion of the property w/ 30 foot ceiling height
    • Phase 2: 37,000 SF portion of the property w/ 20 foot ceiling height
• Approximately 6,800 AMPS of electricity will be available
• Buyer would assume the existing lease. With the following rate and terms:
  • Currently lease is at approximately $24,000 monthly, for about the next year
  • In 11 months, the lease will increase to approximately $55,000 monthly.
  • 5 year initial term, with 4 – 5 year options to extend
  • Option to purchase property
• A NDA will need to be executed if you would like to attain additional information

Meilad Rafiei – License# 01788589 – WeCann

***WeCann is Co-brokering this listing with David Ciliento of Modern Realty Group, Brokers #0453228