141Listing ID: 82938GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $3,590,000
Listing Type : Cultivation/ Production
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 631-512-1433

This is a fully Turn-Key Cultivation and Distribution business for sale, located in Long Beach, CA. Owner has all necessarily licenses and equipment already in place, the facility is gated and has a high grade security system set in place. Currently, the business is on pace to do $3.2M in gross revenues for 2020.  

City of Long Beach Tax Rates: Medical/Adult-Use Cannabis Distribution – 1% of Gross Receipts, Medical/Adult-Use Cannabis Cultivation $13.20 per Square Foot under Cultivation

Details: 

  • Space 6,500 SqFt
  • Lot Size: 8000 SqFt, gated and highly secured. 
  • Lease $1/SqFt for 7 years, with a Long Term Extension option.
  • Lights: 178 lights, 4 flower rooms with Vegg room 
  • Power: 1000 Amps of 466
  • Uses: Recreational & Medicinal
  • Current owner will transfer strains and plants with the sale of the facility. 

Licenses:

  • Cultivation- 5,000 SqFt Canopy Size
  • Distribution- Distribution of medical cannabis and medical cannabis products from manufacturer to dispensary. A Type 11 licensee shall hold a Type 12, or transporter, license and register each location where product is stored for the purposes of distribution. A Type 11 licensee shall not hold a license in a cultivation, manufacturing, dispensing, or testing license category and shall not own, or have an ownership interest in, a facility licensed in those categories other than a security interest, lien, or encumbrance on property that is used by a licensee. A Type 11 licensee shall be bonded and insured at a minimum level established by the licensing authority.

Asking Price: $3,590,000.00 (Includes Broker Fees) 

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

Anna Ulezko, DRE CA LIC# 02117699

If you have any questions Call Anna (631) 512-1433

Or Email: anna@glbgroupinc.com

Contact Listing Owner
Cannabis & Hemp Banking
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