Seller will pay Buyer’s NNN rent for one year. This operating Cannabis facility is licensed for infusion and distribution and has an extremely valuable pending Costa Mesa non-store front delivery permit. The delivery permit is expected to be issued in April 2022. Seller white labels vapes, pre-rolls and cold press concentrates. Buyer can easily expand the product line and distribution business in the current facilities. Major equipment included in the purchase are an Ice-wash, two Freezers, a Press, an Oven, a Van and a SUV. 5283 sq. ft building with 15 parking spots and one roll up door. Lease at $17,593 per month NNN with escalations expires July 14, 2023; has two five year options to renew at market. Power is 1000 Amps and Water and Sewer from City of Costa Mesa. 15 parking spots. Gated with security fence around the perimeter. Seller’s Cannabis pending cannabis delivery permit will be among the first group issued by the city of Costa Mesa, allowing for early market entry. As other Orange County cities allow cannabis businesses, Seller’s distribution business could be expanded to take advantage of this growth. Located close to major freeways in Orange County allowing for quick and efficient delivery and distribution to heavily populated coastal areas. Owner will stay on to transition the operations to buyer. NDA and POF Required.
