Cannabis Production Facility for sale in CA 94501

This is an excellent opportunity for someone looking to establish or expand their Delivery, Manufacturing, and Distribution footprint in the Oakland area (Pop +433k)! The licenses are held in a 2,649 SqFt facility, and the current owner has a 5 YR lease that expires in July with an option to extend for another 5 YRS given with a 6 month notice and a 3% annual increase. The current owner has Provisional licenses in hand from the Department of Cannabis Control, representing a higher value!

The business is located in one of the most secure buildings in Oakland with high end 24/7 security, and cameras in place providing added security and safety. Cannabis MicroBusinesses are in high demand due to three different license types and uses all under one roof that help generate multiple streams of income. This is a great opportunity for someone looking to expand their footprint in the Oakland area while also taking advantage of the very nearby major markets, a multi-state operator or someone who is looking to enter the industry.

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: 

Space: 2,649 SqFt

Rent: Base Rent $3,947 + NNN $2,806

Lease: Ends in July (5YR) Option to extend to 5 YR

Need to give 6 month notice 3% Annual Increase

License Types: Delivery, Manufacturing Type 6, Distribution

State License Type: Provisional

Buildout Investment: $75k

No debts or liabilities on the license!

One of the most secure buildings in Oakland with 24/7 security

Security cameras in place

Licenses: 

Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer

Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors.

Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).

Asking Price: $175k (Seller Open to Offers) 

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

Elliot Cardenas, DRE LIC CA# 02138336

If you have any questions Call Elliot at (619) 770-2699

Or Email : elliot@glbgroupinc.com

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