Licensed Medical Marijuana Business Park
Triple-Net (NNN) Lease
60,000 Square Foot Building
LICENSED MEDICAL MARIJUANA BUSINESS PARK
The Tempe Medical Marijuana Business Park its a zoned property that includes ownership of 3.5 acres of cannabis real estate. The project has been developed as a mixed-use facility that could service a vertically-integrated business for licensed medical marijuana operators, including cultivation, manufacturing, processing and kitchen facilities. Supporting space includes tenancy for nutrients and hydroponics vendors, corporate offices, and warehouse storage. The property is ideally located within a mile of Sky Harbor International Airport, providing excellent access for national-investors and development partners.
The Regulated Cannabis Project includes 60,000 square feet of block-constructed industrial space. The entire building has been leased to our primary tenant and client in Arizona, Hana Meds. The Project includes 25,000 square feet of licensed medical marijuana cultivation, processing and kitchen facilities, 5,000 square feet of corporate offices, and 30,000 square feet of warehouse available for future development.
The Tempe Medical Marijuana Business Park also includes a long-term 50-year lease agreement with an antenna provider, which gives the company additional monthly rental revenue.