Posted on February 28, 2022 / 241Listing ID: 355459APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $100,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 218-6575

Unique opportunity to acquire a 4,021SqFt space with office and warehouse available, in the most desirable location in Southern California, Costa Mesa, where the Cannabis tax rate is only 1% !!! Costa Mesa’s green zone that allows for cannabis use is extremely limited and this is an extremely rare find. You could spend the next year calling on hundreds of potential locations or just take over this incredibly rare opportunity. Sellers have locked in a 5YR lease on the location, with (2)YR options. The rent is $1.25/SqFt = $5,026 + $1,206.30 NNN until 3/31/21 $3.00/SqFt = $12,063 +1,206.30 NNN until the term ends 3/31/27. Other comparable units this size in the green zone rent for $4.25+/SqFt. This is a great opportunity for someone who is looking to expand their footprint in the Costa Mesa Cannabis Market, while also taking advantage of the very nearby major markets or someone who is looking to enter the industry.

Cannabis Businesses were labeled as essential businesses back in March of  2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open. 

Details: 

  • Space: 4,021 SqFt 
  • Includes 2,212 SqFt of dedicated office space
  • Rent: $12,063/Month Starting on 4/1/22
  • Lease Terms: Signed 5 Yr Lease with (2) 5 YR Options 
  • Power Supply: Amps 1,200-1,600 Phase 3
  • Parking Spaces: 21
  • Sublease Space Available from Current Tenant
  • Low Cannabis Tax Rate 

Licenses:

  • Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all other cannabis businesses; Manufacturers, Cultivators, Nurseries, Retailers, & Distributors.
  • Manufacturing Type 7: Allows for all aspects of cannabis manufacturing, including Extraction w/ Volatile Solvents, i.e. LHE/BHO; and everything allowed w/ Type 6, Type N, Type P Manufacturing Licenses.  
  • Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer.

Asking Price: $200,000.00 

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

Jeff Taylor, DRE CA LIC# 02121244

If you have any questions call Jeff (619) 218-6575   

Email: jeff@glbgroupinc.com

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Cannabis & Hemp Banking
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