39Listing ID: 110293GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $1,700,000
Status : ACTIVE
Size : 1092
Lot Size (Acres) : 4903
APN : 7432-021-021
Power (AMPS) : 225
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Recreational, Medical, Medical & Recreational
City Tax Rate : 1%
Sale Type : Cash, Financing, Owner Financing
Utilities : Water, Electricity, Sewer
Company Name : Derek L. Caldwell - Marcus & Millichap
Phone : (424) 405-3829

This sale offers the opportunity to purchase a licensed cannabis manufacturing and distribution facility in Long Beach, California.  The property is currently operational, and an operator will be able to start production immediately upon transfer.  Seller-financing is available.

The subject property, located at 1341 West 15th St, has a state of California Adult-Use and Medicinal annual Type 6 Manufacturing license as well as a Type 11 Distribution license.  Whether you have an established operation or a startup company, this facility offers a turnkey solution for operating in the Southern California market. 

The City of Long Beach offers a desirable location for operating a cannabis business.  The city is geographically positioned central to Los Angeles and Orange Counties.  Drivetime to anywhere in the two counties is typically one hour or less.  The City of Long Beach provides a business-friendly place of operation.  The city has been a front-runner in establishing cannabis policies and promoting operation.  The city recently reduced the cannabis business tax to 1%.

The facility consists of a 1,092 square foot structure on a 4,903 square foot lot.  The building is configured with numerous utility rooms, a kitchen and an ADA restroom, providing a functional space of operation.  The large, fenced yard offers a secure area for loading and unloading.  Vehicles can access the site from 15th St and the alley, and have the ability to pull completely through the property.  If desired, the lot is large enough to allow for an owner to expand the building.  At a 50% lot coverage (typical) an add-on of 1,350 square feet is possible. 

The property is licensed with a limited Type 6 Manufacturing License and a Type 11 Distribution License.  The Type 6 Manufacturing License permits for light manufacturing operations, including formulation, pen filling, joint rolling and more.  The permitted operations under the license can be expanded upon.  Current ownership has architectural plans for building out one of the utility rooms into an extraction room.  The Type 11 Distribution License allows full distribution and transport of products. 

The site is located at 15th Street and Harbor Avenue in west Long Beach.  The property is located in a central location, offers convenient access to the Southern California freeway network, and is only ¼ mile from a freeway access point. 

For operators with an existing operation, this facility offers a turnkey expansion opportunity into the Southern California market.  The property provides for a functional and secure distribution hub, allows for basic manufacturing operations and can be expanded upon if desired.  For startup businesses, the property provides a reasonably-priced opportunity to start operations immediately, and the ability to expand the operations if/when desired. 

Contact:

Derek L. Caldwell

Marcus & Millichap

(424) 405-3829

derek.caldwell@marcusmillichap.com

Highlights

  • Turnkey Cannabis Opportunity
  • Type 6 Manufacturing, Type 11 Distribution
  • Ideal for Existing Operator or Startup
  • Desirable City for Cannabis Business
  • ¼ Mile From a Freeway Access Point
  • Begin Operating Immediately
  • Seller-Financing is Available
Attachments
Contact Listing Owner
Cannabis & Hemp Banking
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