NAI Capital Commercial is pleased to present The Maxson Cannabis Development, a one of a kind cannabis redevelopment opportunity in the city of El Monte. This unique investment has approved building plans to construct a 105,769 square feet (SF) first-class manufacturing, cultivation, and/or distribution facility in the San Gabriel Valley in the city’s Green Zone. The City of El Monte and the surrounding cities have extremely tight restrictions on this type of permit, increasing the value of the asset. The existing site is comprised of two buildings zoned C-3 totaling 40,101 SF on 144,052 SF of land across 3 lots, 8565-020-014, 8565-020-024, 8565- 020-017. The asset is located in a federally designated qualified opportunity zone, providing a variety of tax benefits for a new investor, including a potential partial deferral of their capital gains tax. The entitled development will consist of a new, three story, 69,394 SF building for cannabis cultivation, manufacturing, packing, warehousing and distribution. The project will also include interior renovations to the two existing single story buildings. The completed project will provide 90 parking spaces. The city of El Monte is an excellent location for cannabis businesses with an extremely high barrier to entry. Presently, the municipality has only approved a total of four cultivation sites and five manufacturing and distribution locations. The property, located just a few minutes east of downtown Los Angeles and in the heart of the San Gabriel Valley, is perfect for a vertically integrated cannabis company seeking to expand and distribute its products to a $5.2 Billion market in California. Alternatively, investors seeking to redevelop the site for other uses can take advantage of the site’s C-3 zoning for a variety of commercial uses and capitalize on the property’s location in a Qualified Opportunity Zone.