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800 Lights Operational Cannabis Cultivation Business For Sale (Downtown Los Angeles, California)

Los Angeles, CA, USA
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Cannabis Businesses For Sale | Cannabis Cultivation/ Grow Businesses For Sale

Listing ID : 694386

Posted on March 28, 2024 View Count 262

Price For Sale:
$5,000,000
Facility & Tenant Improvements:
Space: 26,000 Sq Ft Rent: $71k/ month (New Owner can negotiate lease with LL) Lease Terms: 10 Year Lease / 10 Year Option Capital Invested: $2M Part Owner Absentee Model
NDA Required:
Yes
Company Name:
Green Life Business Group Inc.
Phone:
(619) 972-5952
Email:
tom@glbgroupinc.com
Description :

Extraordinary opportunity to acquire a full operational Cannabis Indoor Cultivation in Los Angeles, California. The business is currently operational and ready to transfer as soon as the new owner acquires the license and location. The current owner has already invested $2M into the buildout, licensing, etc making it a state of the art facility, prime for production. The owner  has secured a lease with a 10YR w/ 10YR option. The new owner could reap all the benefits of this fully operational  indoor cultivation license and have room to grow in the ever expanding California Cannabis Industry. The sale would include the cultivation license, equipment, and the take over of the lease.

This is a great opportunity for someone who is looking to expand their cannabis cultivation footprint in the Downtown Los Angeles Market, while also taking advantage of the very nearby major markets, a multi-state operator or someone who is looking to enter the industry.

Revenues: 

2023 Gross Revenues: $3.5M

Details:

Space: 26,000 Sq Ft
Rent: $71k/ month (New Owner can negotiate lease with LL)
Lease Terms: 10 Year Lease / 10 Year Option 
Capital Invested: $2M
Part Owner Absentee Model
Cultivation Details: 

Downtown Los Angeles
Canopy Size: 10,000 Sq Ft
Ceiling Height: Flowering Room 14’ & VEG Room 12-14’ 
Rooms: 8 Total (7 Flowering & 1 Veg)
Lights: 800 Total Lights
300 FWL LED, 300 FLW HPS, 100 Veg LED, 100 Veg HPS Lights
Power: 2,000 AMP
Production: Average 300 LBS per month
Employees: 4
Water Tanks: 10+
Average Price per LB: $1,300
Two Roll Up Doors
Parking Spaces: 12 + Street Parking
License:

Cultivation: Growing cannabis up to 10,000 SqFt Canopy Size
 

Asking Price: $5,000,000.00

 

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Tom Milks, DRE CA LIC# 02064305

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions call Tom (619) 972-5952 or Eric at (858) 245-6324

Email: tom@glbgroupinc.com or broker@glbgroupinc.com 

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.

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Green Life Business Group Inc.
License:DRE CA # 02061374

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