Millville,New Jersey,$8,000,000,Licensed,Distribution; Manufacturing / Processing; Cultivation; Indo
$8,000,000
- CLS ID: P-04885
- Offer Type: Both
- Deal Type: License , Real Estate
- State: New Jersey
- City: Millville
- Zipcode: 08332
- Licensed: Active
- Licensed or Eligible: Licensed
- Cannabis Use Type: Cultivation , Distribution , Indoor Cultivation , Manufacturing / Processing
- Canopy: 70000 sqft
- Building Sqft: 77
- Ceiling Height: 30
- Broker #: 01788589
Details
- Fully approved State of New Jersey Cannabis Class 1 Cultivation, and Class 2 Manufacturing License
- Attached to a 77,000 SF facility
- Construction Plans have been approved by the local municipality
- Buildout will be completed in two phases
- Phase 1: 40,000 SF portion of the property w/ 30 foot ceiling height
- Phase 2: 37,000 SF portion of the property w/ 20 foot ceiling height
- Approximately 6,800 AMPS of electricity will be available
- Buyer would assume the existing lease. With the following rate and terms:
- Currently lease is at approximately $24,000 monthly, for about the next year
- In 11 months, the lease will increase to approximately $55,000 monthly.
- 5 year initial term, with 4 – 5 year options to extend
- Option to purchase property
- Inquire for pricing for the sale of the existing licenses
- A NDA will need to be executed if you would like to attain additional information
***WeCann is Co-brokering this listing with David Ciliento of Modern Realty Group, Brokers #0453228
- ID: 18605
- Published: September 14, 2023
- Last Update: September 14, 2023
- Views: 204