Marijuana Cultivation Property for sale in CA 90012

Extraordinary opportunity to acquire a full operational Cannabis Indoor Cultivation in Los Angeles, California. The business is currently operational and ready to transfer as soon as the new owner acquires the license and location. The current owner has already invested $2M into the buildout, licensing, etc making it a state of the art facility, prime for production. The owner  has secured a lease with a 10YR w/ 10YR option. The new owner could reap all the benefits of this fully operational  indoor cultivation license and have room to grow in the ever expanding California Cannabis Industry. The sale would include the cultivation license, equipment, and the take over of the lease.

This is a great opportunity for someone who is looking to expand their cannabis cultivation footprint in the Downtown Los Angeles Market, while also taking advantage of the very nearby major markets, a multi-state operator or someone who is looking to enter the industry.

Revenues: 

2023 Gross Revenues: $3.5M

Details:

Space: 26,000 Sq Ft

Rent: $71k/ month (New Owner can negotiate lease with LL)

Lease Terms: 10 Year Lease / 10 Year Option 

Capital Invested: $2M

Part Owner Absentee Model

Cultivation Details: 

Downtown Los Angeles

Canopy Size: 10,000 Sq Ft

Ceiling Height: Flowering Room 14’ & VEG Room 12-14’ 

Rooms: 8 Total (7 Flowering & 1 Veg)

Lights: 800 Total Lights

300 FWL LED, 300 FLW HPS, 100 Veg LED, 100 Veg HPS Lights

Power: 2,000 AMP

Production: Average 300 LBS per month

Employees: 4

Water Tanks: 10+

Average Price per LB: $1,300

Two Roll Up Doors

Parking Spaces: 12 + Street Parking

License:

Cultivation: Growing cannabis up to 10,000 SqFt Canopy Size

Asking Price: $2,700,000.00 (Seller Open to Offers)

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

Tom Milks, DRE CA LIC# 02064305

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions call Tom (619) 972-5952 or Eric at (858) 245-6324

Email: tom@glbgroupinc.com or broker@glbgroupinc.com 

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