$3,400,000
Rentable SF: 5,505 | Lot Size: 6,750 SF
Investment Highlights
Located on the main industrial corridor in Emeryville with Easy Access to the 880
Multi-tenant asset provides stability
CUP allows the possession, manufacturing, distribution, processing, storing, labeling, and non-storefront dispensary
Prime user opportunity to take advantage of a great corner location and take over Rotten City Pizza
propeRty overview
The Ida Group is pleased to present the opportunity to acquire 6613 Hollis Street in Emeryville. The building is a unique mix of multiple cannabis tenants and Rotten City Pizza, which is owned and operated by the building owner. The 6613 Hollis Cannabis Manufacturing, Distribution and Non-Storefront Dispensary Incubator Facility conditional use permit authorizes the following commercial cannabis activities (and related use) at the property: the possession, manufacturing (without volatile solvents), distribution, processing, storing, labeling, and non-storefront dispensary (delivery only to end users).
Both the cannabis use permit and the beer & wine license run with the real estate, so in the event of a sale a new owner would be able to take advantage of these rare uses. Should a new owner want to continue the operation of Rotten City Pizza (besides the 12 month leaseback), the ownership would be open to discussions of buying the business.
This asset offers a unique opportunity for owner/users or investors to take advantage of a well-respected and proven business while enjoying healthy rents from existing tenants.