Posted on October 14, 2020 / 757Listing ID: 83421APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $4,500,000
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).

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