Unique opportunity to acquire a 4,021SqFt space with office and warehouse available, in the most desirable location in Southern California, Costa Mesa, where the Cannabis tax rate is only 1% !!! Costa Mesa’s green zone that allows for cannabis use is extremely limited and this is an extremely rare find. You could spend the next year calling on hundreds of potential locations or just take over this incredibly rare opportunity. Sellers have locked in a 5YR lease on the location, with (2)YR options. The rent is $1.25/SqFt = $5,026 + $1,206.30 NNN until 3/31/21 $3.00/SqFt = $12,063 +1,206.30 NNN until the term ends 3/31/27. Other comparable units this size in the green zone rent for $4.25+/SqFt. This is a great opportunity for someone who is looking to expand their footprint in the Costa Mesa Cannabis Market, while also taking advantage of the very nearby major markets or someone who is looking to enter the industry.
Cannabis Businesses were labeled as essential businesses back in March of 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.
Looking for Funding?
Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this.
Asking Price: $100,000.00
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Jeff Taylor, DRE CA LIC# 02121244
If you have any questions call Jeff (619) 218-6575
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.