2929 W Grand Ave, Phoenix, AZ

Listing agent Chad Solomon Show Phone

Listing office JLL Show Phone

Listing date May 27, 2025

Source Moodyscre

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Overview

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.

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Location Insight

• Map
• Local Demand

City

Phoenix

County

Maricopa

State

Arizona

Longitude

-112.123

Latitude

33.4844

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FAQs

What type of property is this?

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

Where is this cannabis property 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.