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Fully licensed and in operation Type-6 cannabis manufacturing and distribution. 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. RECENTTLY PASSED THE ANNUAL D.C.C. INPSECTION WITH ZERO CORRECTIONS! Seller financing may be available depending on the offer. The subject property comes with a 1% tax basis. Located at 1665 Cota Avenue 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 facility consists of a 2,500 square foot structure on a 3,291 square foot lot. The building is configured with numerous utility rooms, and an ADA restroom, providing a functional space of operation. The property is licensed with a limited Type 6 Manufacturing License and a Type 11 Distribution License. The Type 6 Manufacturing License permits for extraction with non-volatile solvents, 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 a type 7 extraction with volatile solvents. The Type 11 Distribution License allows for transport of products. The site is located at 16th and Cota Street in West Long Beach. For out of state operators, this facility offers a turnkey expansion opportunity into the California market. The property provides for a functional manufacturing facility and a secure distribution hub. On-site parking at 1.2/1000 SF. The property provides a reasonably-priced opportunity to start operations immediately, and the ability to expand the operations if/when desired. Currently rented for $7500/month. Licenses available but sold separately from real estate. The business itself is not for sale.
Property Type(s):
Commercial
| Last Updated | 10/15/2024 | Year Built | 1987 |
|---|---|---|---|
| Community | Westside | County | Los Angeles |
Price History
| Prior to Feb 20, '24 | $849,000 |
|---|---|
| Feb 20, '24 - Today | $1,550,000 |
Additional Details
| AREA | Westside |
|---|---|
| LOT | 3292 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Bret Lewis, Broker
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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