161 Adeline
Oakland, CA 94607
Property For Lease

This is being sold by way of court ordered receivership and is subject to court confirmation. Unique opportunity in the City of Oakland (Population 425k) for a Cannabis MicroBusiness Retail, Delivery, Manufacturing, Distribution & On Site Consumption! Oakland is the largest city and the county seat of Alameda County, California. A major West Coast port city, Oakland is the largest city in the East Bay region of the San Francisco Bay Area, the third largest city overall in the San Francisco Bay Area, and the eighth most populated city in California. The building has easy highway access and plenty of parking, making this a great destination shop for anyone looking to expand their retail footprint. The business is fully licensed both at the local and state levels. It is currently not in operation, owner is looking to sell at license value. CITY OF OAKLAND CANNABIS BUSINESS TAX RATES SCHEDULE (Link) Details: Space: 8,500 SqFt Rent: $40k/Month ($3,000 per month for utilities) Deposit Required for Property: $300k In Addition to Asking Price Parking: 20 Spaces License can be Moved to a New Location Licensed for Consumption Lounge in 2019 Location is Licensed for Events & Entertainment Use: Recreational & Medicinal Licenses: Retail, Delivery, Manufacturing, Distribution & Consumption Lounge Licenses: Retail: Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale. Non-Storefront Retail (Both Uses): Deliver cannabis goods to the end-consumers doorstep. On-Site Consumption: THE NEXT BIG THING IN THE CANNABIS INDUSTRY, you can open up a marijuana lounge. The move gives visitors a place to smoke or eat edibles, since many hotels and rental properties don’t allow for smoking. Similar to alcohol, cannabis can’t be consumed in public places. Manufacturing type 6 local permit and state license in hand. Distribution- local permit and state license in hand. Distribution of medical cannabis and medical cannabis products from manufacturer to dispensary. 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: $1,750,000.00 (Sellers 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. Green Life Business Group, Inc DRE CA LIC# 02061374 Drew Mathews, DRE LIC CA# 02091143 If you have any questions Call Drew at (619) 653-0483 Or Email : ceo@glbgroupinc.com