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Posted: Friday, August 11, 2017 3:41 PM

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Approximately 15,000 square foot building on almost one acre of land in Adelanto. Building has a pending local cultivation license contingent on construction of the proposed industrial building.

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THREE properties in L.A. County for sale right now, already approved for cultivation! The Long Beach and Adelanto property sales can be in escrow and still be contingent on local licensing; this is because the local licensing timeline is advanced and should be resolved within the next 6 weeks. The LA City property sale is not contingent, but there could be some wiggle room there.

1) 8,500 square foot industrial building in Long Beach with enough existing power to do entire building as cultivation (400 amp 277/480). Property has been vetted by the City of Long Beach and currently has a Non-Priority Dispensary application associated with it.

2) 48,000 square foot building in Long Beach. We are currently in escrow that seller has (5) 2 month extensions in order to secure a 1031 exchange appropriate for his use. The building is perfect for a tight 22,000 canopy or two 10,000 for canopy's. A power upgrade is necessary but Edison says that can be accomplished in 60 days. Taking into consideration a standard escrow of 60 days and development of fully engineered plans and building department lead time for permitting, at least six months of the 10 months will be exhausted, thus opportunity only represents a four month delay due to this unusual escrow.

3) Approximately a 24,000 square foot building in LA City, fully compliant for cultivation according to most recent LA City license regulations release. $1.2 million in improvements (a cultivation build-out) completed over the past 6 months. Build-out is fully up to code with all building permits; final inspections by building and fire have already been completed. Power is currently 2,000 amps triple-phase but the panel is set for another 800 amps once you "substantiate" the need for the extra 800 amps which can be easily done after you are locally licensed. Power company has said that once you get a local license, it is just a flip of a switch to get the other 800 amps. No upgrade necessary. This cultivation is ready to fire right NOW and can generate massive revenue leading up to local licensing. Priced at $7.2 million. This is a turn-key purchase for immediate cultivation: 240 lights with room to expand if more power comes in.

CALL (310) 943-8531

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• Location: Adelanto, Inland Empire

• Post ID: 133214903 inlandempire
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