Millville,New Jersey,$8,000,000,Licensed,Distribution; Manufacturing / Processing; Cultivation; Indo

$8,000,000

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: 172