Cannabis Cultivation, Manufacturing 7 & 6, Distribution Licenses For Sale (Baldwin Park, CA) #387

New Popular Med., Rec. 

 Cultivation / Posted 1 month ago

$1,900,000.00

Seller has Distribution, Manufacturing Type 7 & 6 and Cultivation Canopy size up to 22,000 Sq. Ft. business for sale in Baldwin Park, CA. This is a great opportunity for someone that is looking to enhance their statewide Distribution footprint along with being able to grow and do manufacturing in the same facility. The City of Baldwin Park permits indoor commercial cultivation, manufacturing, distribution, and laboratory testing of cannabis and cannabis products. The Seller has put in the time and effort to obtain local approval and is now looking to sell. Currently only the Distribution is licensed both at the local and state level and in operation. However, the sale will not include the Distributions Brand or the Book of Business, only the licenses and equipment will be included. The new owner would have to continue the licensing and buildout process for the Cultivation and Manufacturing Type 6 & 7.

The total space is 27,700 SqFt made up of two units. The first unit is 20k SqFt (10k Sqft Downstairs, 10k SqFt Upstairs) with an adjacent unit of 7,700 SqFt. The three licenses are currently in the first unit of 20k SqFt, new owner could expand into the 7,700 SqFt or apply for new additional licenses.

Cannabis Businesses have been labeled as essential businesses back in March, 2020 meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

Details:

  • Total Space: 27,700 SqFt (20k SqFt, 10K Sqft Downstairs & 10k SqFt Upstairs, plus 7,700 SqFt adjacent unit)
  • Rent: 10k SqFt Downstairs- $1.50/SqFt, 10K SqFt Upstairs- $0.25/SqFt, 7,700 SqFt- $1.50 SqFt
  • Ceiling Height: Downstairs 12Ft, Upstairs 10Ft
  • Lease: 3 YRs Remaining w/ (2) 5 YR Options
  • Roll Up Doors: 4 Total
  • Approved Locally for Cultivation, Manufacturing Type 6 & 7, Distribution (Local & State Approved)
  • City Tax: Police Fee of $50k, No Tax for 2021, 2022 Onward Taxes will be a flat rate of $220k

Licenses: 

  • Cultivation: Growing Cannabis up to 22k SQFT Canopy Size
  • Manufacturing Type 6 (Non-Volatile) and Type 7 (Volatile): Licensees can conduct extractions and infusions and can package and label their own products. If you are a cannabis manufacturer with a Type 7 you can register your location for shared-use. Non-Volatile: Extraction using a mechanical method or non-volatile solvents such as CO2, ethanol, water, or food-grade dry ice, cooking oils, or butter
  • Distribution- Distribution of cannabis and cannabis products from manufacturer to dispensary. A Type 11 licensee shall hold a Type 12, or transporter, license and register each location where product is stored for the purposes of distribution.

Asking Price: $1,900,000.00 (Seller Financing Available)

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc. 

Green Life Business Group, Inc DRE CA LIC# 02061374

Anna Ulezko, DRE CA LIC# 02117699

If you have any questions Call Anna (631) 512-1433 

Or Email: anna@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

 

cannabis cultivation, cultivation, marijuana grow, cannabis extraction, cannabis distribution