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Price : $1,000,000
Listing Type : License
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 619-653-0483

Unique opportunity for a San Diego Manufacturing and Distribution Facility with recorded CUP in Hand.  This is 1 of only 40 CUPs granted by the City of San Diego! It is less than four (4) miles from the 15 Freeway and one (1) mile from the 805 Freeway which connects to the 5 Freeway.  This is a Prime Location and perfect for anyone that wants to make a splash into the industry or extend their current footprint in San Diego’s Market. This property/CUP may also qualify for Cultivation as it is in proper zoning and may be amended by the new operator with the City. It is estimated that you can be in operation for Distribution within 60-90 days while preparing the manufacturing portion of the facility. Buyer to assume the lease obligations. Guaranty of $1.5M can be replaced by a surety bond.

Details:

  • Lease: Option to lease for five (5) years with two (2) additional 5-year renewals for a total of fifteen (15) years;
  • Rent: $1.90/sf;
  • Power: 600 Amps; 26 solar panels installed on roof;
  • Property has seven (7) 20’ roll-up Doors behind a secured and gated driveway;
  • Parking: 8-10 spots located in the back and 13 parking spots in the front;
  • Estimated T.I. improvements are $750,000;
  • The leasehold comes with the rights to a recorded CUP from the City of San Diego for manufacturing and distribution within the 16,752 sf building at this property; and
  • Sale includes initial preliminary plans.

Asking Price: $1.3mil  has been reduced to $1M

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.

Green Life Business Group, Inc DRE CA LIC# 02061374

Drew Mathews, DRE CA LIC# 02091143

If you have any questions call Drew (619) 653-0483

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.

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