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1470 Cota Ave
Long Beach, CA 90813
10k SF Building · Property For Lease

HIGHLIGHTS

  • lease with option to buy available
  • Cultivation- Manufacturing _ Distribution
  • $3M net Profit estimated on year 1 of operation
  • Tenant will qualify to purchase at rehab completion

PROPERTY OVERVIEW

1470 & 1472 Cota Ave are 10,000 Sq Ft total leasable spaces plus approved parking. Rare opportunity to jump start into Cannabis Cultivation & Distribution & Manufacturing with absolutely no expenses from tenant for Plans & Permits and no waste of time getting headaches for 2+ years dealing with each city and state department to obtain city stamped plans & permits. Landlords have done it all for tenant and will transfer set of plans and permits at no additional cost to a qualify and experienced tenant. Landlords have worked 2.5 yrs with the industry best architects, engineers and master growers and have spent over $650k to designed & obtain this fully approved state & city stamped plans cannabis project. Current buildings are 10k SF, the approved plans are designed mainly for cultivation uses, about 6,500sf of cultivation area on double level mobile racks, but tenant will have the choice in the future to expend the manufacturing area if needs to be. Engineers have designed it in a way that it would be very simple to extend manufacturing into cultivation area. Plans in owner possession includes: Engineering & Architectural plans for : 3,000 amps Power, A/C, Irrigation, Water Control, Back Flow, Sewer, 520 approved HPS or LED, 260 Canopies (8x4) on 2 levels mobile racks , Air Flow calculations , lighting, security room, cam, offices, employee brake room & kitchen, 2 restroom (1 ADU) surveillance room, parking, outdoor lighting studies, flood studies and prevention, outdoor "boutique look" to comply with city requirements... and much more including all needed to operate this cultivation/distribution/manufacturing type 6 all has been approved by each city department such as: health department, planning department, fire department, city structural engineering, pluming, power, sewer, architectural... each and all have approved current plans. TENANT WILL BE ABLE TO START REHAB ON THE VERY NEXT DAY OF LEASE SIGNING. Tenant will not need to invest any time or money to obtain any additional permits as far as the state bureau of cannabis such as fish and wildlife permits..., both city cannabis business licenses and state cannabis micro business licenses have been fully approved only pending on rehab completion. Long Beach is known to be a cannabis friendly city and has many programs to help the growth of this industry. Licenses include: Recreational & Medical Cultivation 10k sf or less Recreational & Medical Distribution Recreational & Medical Manufacturing Type 6 State Micro Business for all above has been fully approved as well pending on rehab completion / certificate of occupancy from Long Beach building and safety department. All tenant will need to do is to build it out. Business plans expert have conservatively estimated an annual yield of 4,000 lb of flowers, in addition tenant will be able to distribute any products including their own. As for the manufacturing are, the sky is the limit. Edison has approved and issued permits for a 3,000 Amps transfo, ready to be ordered on day 1, All permits are RTI - RTI - RTI - AUP issued Full set of plans will be provided upon proof of funds Tenant qualification requirements: Experienced in the industry and proof of funds to rehab and purchase all equipment as per approved plans.

PROPERTY FACTS

Property Type Industrial
Rentable Building Area 10,000 SF
Construction Status Abandoned
  • Listing ID: 27383320

  • Date on Market: 12/26/2022

  • Last Updated:

  • Address: 1470 Cota Ave, Long Beach, CA 90813

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