Posted on October 14, 2020 / 723Listing ID: 83421APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $4,500,000
Status : ACTIVE
Size : 9800
Cap Rate : 90805
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Recreational
City Tax Rate : 1%
Year Built : 2003
Sale Type : Cash
Company Name : eXp Realty
Phone : 6193847605

This is an amazing opportunity to acquire a 9,864 SF class A industrial building in the city of Long Beach with State approved Type 7 &11 Licenses.  Plans have been approved by the city so an operator can begin TIs immediately for city approved CUP for Manufacturing & Distribution.  Building Appraised in May 2020 for $4,000,000 as a Non Cannabis Value.  The city of Long Beach has reduced its cannabis tax to 1% making it a prime investment opportunity for operations.  2 sets of roll up doors on the side of the building as well as 2 separate front door entrances as well as plenty of office space in the front.  

 

Long Beach local government is cannabis-friendly, and the permitting process is streamlined to facilitate the establishment of a robust local cannabis industry. Long Beach also offers quick access to several of the largest cannabis retail markets in California including: Los Angeles (#1), San Diego(#2), Long Beach (#7), and Santa Ana (#11).

Cannabis Industry Appraisal Services
With over 25 years experience appraising complex commercial property, Val-Com Appraisal  is confident that we can handle your cannabis property appraisal and business valuation needs, and exceed your expectations regarding cost and turn time.GET MORE INFO
Contact Listing Owner
Cannabis & Hemp Banking
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