2990 Martin Luther King Jr Blvd, Lynwood, CA 90262
8,304 SF | Industrial Building | Lynwood, CA 90262 | $4,500,000 ($542/SF)
For Sale
Active
Asking Price $4,500,000
- Property Type
-
Industrial
- Price / Square Foot
- $542
Listing Contacts
Eric Lastition
Geoffrey Ludwig
Property Overview
Unlock the potential of a thriving cannabis business in the heart of Lynwood. The fully equipped lab is a rare gem with an active license in a state-of-the-art compound. With a brand new renovation completed in 2020, the building is exceptionally specialized for cannabis cultivation and extraction. The industrial zoned property consists of an 8,304 SF building on a 32,405 SF lot. The turnkey premises includes multiple offices, a grow area, large lab, two secure storage rooms, walk-in freezer, shipping and receiving area, men and women restrooms with lockers, staging room, packaging room, two extraction booths, ample lighting, state of the art security and fire alarm system, and abundant exterior storage. The building is 100% temperature controlled and sprinklered with outstanding electrical capacity*. The yard is gated and secure with 25 parking spaces and two electric gates for ingress/egress. *Buyer to verify power.
Property Details
- Class
- C
- Year Built/Renovated
- 1950/2020
- Stories
- 1
- Property Subtype
- Manufacturing, R&D
- Lot Size (sq. ft)
- 32,234 SF
Highlights
- Impressive one-of-a-kind, state-of-the-art secure cannabis cultivation facility
- Full renovation in 2020 and sale includes the business, licenses, and all assets
- Opportunity to acquire a Distribution, Manufacturing Type 7, and Delivery business
- 25 surface parking spaces within gated property, plus additional street parking
- Current improvements represent the highest and best use of the property
- Temperature controlled with 100% air conditioning throughout the premises
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