CannaMLS ID: 3802
Created | Updated
Price
$ 395,000
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 loc
Address: 11737 Wicks St
Property is: For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Industrial
Monthly lease rate: $ 7,550
Building size (sq ft): 10,000
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: $395,000
Licenses renewed June 2024
REAL ESTATE HIGHLIGHTS
400 Amps Three Phase Power
4,786 sq ft space
$7,550 including NNN fees
5-year lease with 4 years remaining (can negotiate a lease extension)
New Roof
New HVAC System (Multiple Zones)
5 Parking spaces
Property sale potential please inquire
Address: 11737 Wicks St
Property is: For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Industrial
Monthly lease rate: $ 7,550
Building size (sq ft): 10,000