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Vacant-User

Cannabis Facility - Long Beach

1450 Cota Ave, Long Beach, CA 90813

Listing Price: $1,575,000

Cap Rate
2.50%
Gross SF
3,329
Price/Gross SF
$473.12
Lot Size
0.15 acres
Year Built
1947
Rentable SF
3,329

Investment Overview

This sale offers the opportunity to purchase a cannabis facility in Long Beach, California. Cannabis licensing and real estate are included in the sale. Lease-to-Own options will be considered, and seller financing is available for qualified buyers. The subject property, located at 1450 Cota Avenue, is comprised of a single parcel of 6,616 square feet of land that has been improved with an industrial warehouse that has 3,329 square feet of rentable building area. The property has an active and compliant State of California Microbusiness license as well as City of Long Beach licensing for Cultivation (Type 1A), Manufacturing (Type 6) and Distribution (Type 11). The licensing is issued for both adult and medical use. The city licensing is currently in a pending status at Plan Check: once an owner submits working plans, and completes a buildout of the facility, the licenses can be moved to active status at which point operation of cultivation, manufacturing and distribution uses can take place. Located in the city of Long Beach, the subject property offers a desirable location for a cannabis business. Long Beach offers transparent policies and a reasonable business tax. The site is situated less than one mile from the 710 freeway, and offers convenient access to the Southern California freeway network. The property currently has two electrical meters providing 300 amps of service: 200A, 240V, 3Ph as well as 100A, 240V 1Ph. Currently, a portion of the building is occupied by a month-to-month woodworking tenant and the rest of the building is vacant, allowing an operator to use all or a portion of the building. Should an operator desire to construct a brand-new facility, current ownership has architectural drawings for a 2-story 7,368 square foot facility which will be conveyed in the sale. 1450 Cota Avenue offers the opportunity to purchase a cannabis facility with an active State of California State Microbusiness license, and in-place city licensing. The existing licensing will enable an operator to move quickly to production. Seller financing is available for qualified buyers.

Investment Highlights

  • Cannabis Sale – Real Estate & Licensing
  • Active and Compliant State of California Microbusiness License
  • City Licensing is Established and is in Pending Status
  • Existing 3,329 SF Building and Architectural Plans for a New 7,368 SF Facility
  • Lease-To-Own Will Be Considered
  • Seller Financing Available for Qualified Buyers

Exclusively Listed By

Financing By

Vacant-User

Cannabis Facility - Long Beach

Listing Price: $1,575,000

Cap Rate
2.50%
Gross SF
3,329
Price/Gross SF
$473.12
Lot Size
0.15 acres
Year Built
1947
Rentable SF
3,329

Investment Highlights

  • Cannabis Sale – Real Estate & Licensing
  • Active and Compliant State of California Microbusiness License
  • City Licensing is Established and is in Pending Status
  • Existing 3,329 SF Building and Architectural Plans for a New 7,368 SF Facility
  • Lease-To-Own Will Be Considered
  • Seller Financing Available for Qualified Buyers

Investment Overview

This sale offers the opportunity to purchase a cannabis facility in Long Beach, California. Cannabis licensing and real estate are included in the sale. Lease-to-Own options will be considered, and seller financing is available for qualified buyers. The subject property, located at 1450 Cota Avenue, is comprised of a single parcel of 6,616 square feet of land that has been improved with an industrial warehouse that has 3,329 square feet of rentable building area. The property has an active and compliant State of California Microbusiness license as well as City of Long Beach licensing for Cultivation (Type 1A), Manufacturing (Type 6) and Distribution (Type 11). The licensing is issued for both adult and medical use. The city licensing is currently in a pending status at Plan Check: once an owner submits working plans, and completes a buildout of the facility, the licenses can be moved to active status at which point operation of cultivation, manufacturing and distribution uses can take place. Located in the city of Long Beach, the subject property offers a desirable location for a cannabis business. Long Beach offers transparent policies and a reasonable business tax. The site is situated less than one mile from the 710 freeway, and offers convenient access to the Southern California freeway network. The property currently has two electrical meters providing 300 amps of service: 200A, 240V, 3Ph as well as 100A, 240V 1Ph. Currently, a portion of the building is occupied by a month-to-month woodworking tenant and the rest of the building is vacant, allowing an operator to use all or a portion of the building. Should an operator desire to construct a brand-new facility, current ownership has architectural drawings for a 2-story 7,368 square foot facility which will be conveyed in the sale. 1450 Cota Avenue offers the opportunity to purchase a cannabis facility with an active State of California State Microbusiness license, and in-place city licensing. The existing licensing will enable an operator to move quickly to production. Seller financing is available for qualified buyers.

Exclusively Listed By

Financing By

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