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).