Marcus & Millichap is pleased to bring out to market a Fully Approved Type 7 and Type 13 Cannabis License. The property consists of a 4,500-square foot warehouse with 12-foot height clearance and sits on 6,485-square foot lot. The sale includes 25% ownership of the two parking lot parcels immediately adjacent to the subject property. The property is 85% complete of all the improvements needed which saves a Buyer up to 3 years to attain the licenses, plans, permits and buildout. The business can be fully operational in approximately 90-120 days. There is over 3 years of work put into the building from submitting plans to approvals to construction which includes over $1,500,000 in tenant improvements.
The Type 7 license allows for use of volatile solvents for extraction or post processing (refinement) of cannabis extract, use of non-volatile solvents for extraction or post processing, use of mechanical methods for extraction, infuse cannabis products as well as packaging and labeling of cannabis goods. The Type 13 license allows distributors to move cannabis and cannabis products between cultivation, manufacturing, or distribution premises.
This offering is ideal for an owner-user who is interested to operate a cannabis manufacturing facility which is practically turn-key and can put in their desirable cannabis equipment and the remaining finishing touches in the final improvements.