Cultivation Space for Lease

Indoor cultivation space for lease.

License Info:

• Cultivation license is part of a microbusiness which includes cultivation, manufacturing and distribution. 
• Type 6 Manufacturing license (for non-volatile extraction)
• Type 11 Distribution license (storage, transportation, lab testing, packaging)
• Located in Canoga Park community plan area of LA
• “Ready-to-issue” architectural plans available

Real Estate info:

• 10,500 square feet available for lease
• The cultivation area includes 13,000 SF of indoor canopy (when double stacked) available in Los Angeles
• Secure and gated 18,000 SF concrete warehouse at the end of a private street 
• 16 to 18-foot vaulted ceilings
• 800 Amp three-phase electrical service available now
• Plans for 1600Amps are ready to submit to DWP to upgrade power
• Property is located on a private road protected by a large steel, motorized gate
• Includes 2 rollup doors

Sub-Lease Terms

-$1.25/square foot for first 6 months

-$2.50/square foot NNN for the remainder of the lease

-5 year term

-Tenant provides their own equipment

-Tenant is responsible for tenant improvements and will be reimbursed by landlord for any permanent TIs

– Tenant agrees to sell a portion of the harvest to LL

-Landlord to provide services to tenant including managing Metrc entries, storing products in quarantine, arranging and overseeing compliance lab tests, as well as packaging and distribution services if needed. (Packaging and distribution services will be billed separately).