Even the WSJ is covering the pot business

WSJ reporter Donna Kardos Yesalavich highlights the real estate side of the burgeoning cannabis industry.

Zoned Properties (ZDPY) bought a 5-acre complex including 83,000 sq.ft. of warehousing in Tempe, AZ for $4.6M and another parcel in Gilbert, AZ for $1.1M. It plans to lease the assets to medical pot firms.

MediSwipe (MWIP) acquired 80 acres in CO for the modest sum of $122,500, but will invest up to $5M in greenhouses and infrastructure. It expects to charge $15/sq.ft. to pot growers. This is about a 3x premium over local prices for warehouse space. The company reports it has three tenants in line to lease a total of 15 acres starting as early as May.

Comments (3)
  • urbangreen
    , contributor
    Comments (3) | Send Message
    26 Mar 2014, 10:36 PM Reply Like
  • YAHinc
    , contributor
    Comment (1) | Send Message
    the calm before the storm
    27 Mar 2014, 07:38 AM Reply Like
  • rmsmtg1
    , contributor
    Comment (1) | Send Message
    MWIP now owns 160 acres which is 3484 square foot per acre which comes to 557,440 square feet of rental property Which is renting at $15.00 a square foot. I would definitely call this, the calm before the storm. Good move Medswipe!!
    19 Apr 2014, 08:29 PM Reply Like
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