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    2929 W Grand Ave Phoenix, AZ 85017

    For Sale
    $26,800,000

    Industrial property in Phoenix, Arizona, suitable for cannabis cultivation and distribution.

    Property size:
    141,697 SF
    Lot size:
    5.90 Acres

    Property Features for 2929 W Grand Ave

    General Information

    Size
    141,697 SF
    Lot size
    5.90 Acres

    Source: JLL Agent Chad Solomon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phoenix Industrial Property For Sale

    This industrial property in Phoenix, Arizona, offers a unique opportunity to cater to a niche market with high growth potential. The property is suitable for cultivation and distribution of cannabis products. The tenant, Stiiizy, is a cannabis brand valued at $1.5 billion. The long-term lease provides stability and predictable income streams. The property benefits from the expansive consumer base in Arizona for cannabis products and the projected 17% growth in the Arizona Cannabis industry from 2023-2030. The growing industrial market in Phoenix aligns with cannabis market expansion, creating a dual market opportunity: industrial real estate and cannabis industry. The property size is 141697 square feet. Strong demand exists for industrial spaces under 250,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RPP Products, Inc. ... Distribution Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1225443
    Latitude
    33.4844269

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    FAQs

    What type of property is this?
    Cannabis farm - Industrial property in Phoenix, Arizona, suitable for cannabis cultivation and distribution.
    Where is this cannabis farm located?
    The property is located at 2929 W Grand Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $26,800,000.
    What are key features of this property?
    This property features: - Tenant is **Stiiizy**, a strong cannabis brand valued at $1.5 billion, ensuring immediate positive cash flow.; - Long-term lease provides stability and predictable income streams.; - High growth potential in a niche market (cannabis) with limited availability of specialized spaces.
    (310) 407-2155
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    2929 W Grand Ave Phoenix, AZ 85017
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    Phoenix, AZ 85017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2929 W Grand Ave Phoenix, AZ 85017
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