101 Pacific Ave Long Beach, CA 90802

Property Details for 101 Pacific Ave

Property type

Commercial real estate

Description

This fully operational cannabis Microbusiness in Long Beach, CA, is offered for sale at $1,900,000. The 5,000 square foot facility includes cultivation (approximately 3,900 sq ft), distribution (500 sq ft), and manufacturing (600 sq ft) areas, all operating under provisional state licenses: Cultivation (Small indoor – 5,001 to 10,000 sq ft of canopy), Manufacturing Level 1 (non-volatile solvents or mechanical methods), and Distribution of medical cannabis and products. The facility boasts 150 flower lights, a three-tier LED system in the vegetative room, and an impressive 3200 amps of power. Recent renovations include new equipment and lights (all less than a year old), epoxy flooring, and a secure, gated facility with street parking plus two spaces inside the gate. Additional features include a 12-foot ceiling height, a safe room, and 24-hour security. The monthly rent is $13,250. The seller invested $1.4 million in the buildout. Long Beach has a favorable 1% gross receipts tax rate for distribution and manufacturing. A rosin processing room is also included. The seller is open to offers with a $1 million down payment. Financial information and a signed NDA/Waiver are required before further details are released.