I am friends with a marijuana real estate company in Colorado. Every once in awhile I’ll see a listing with their company that I think is fantastic. I get a lot of e-mails from investors asking about opportunities to get into the industry. Marijuana real estate is not a cheap investment, but if you want to profit big, you have to invest big. Below is the most recent listing that I’ve seen the company (Avalon Realty Advisors Inc) post. My friend Jason Thomas is the head of the company, and I think he’s fantastic. He is a member of Law Enforcement Against Prohibition, and has fought very hard for marijuana reform. When people give back to the movement, I love supporting their entrepreneur pursuits. Below is the listing. Admittedly, it costs more than most people have, but if you have deep pockets and want to get into a wonderful space in Denver, you should contact Jason to see what he can do for you:
Looking for a Med/Rec OPC in Denver? We have it for sale!
Denver South Broadway (Green Mile) Medical/Recreational Center and OPC For Sale.
This dual use (medical and recreational) center is approximately 500 square feet located on South Broadway, on the south side of the Green Mile. Construction plans have been submitted and approved by Denver County to expand the center by an additional 1,000 square feet. 2014 gross sales were $3.4MM with 2015 estimates(based on YTD 2015 sales) being $3.6MM.
The fully built-out OPC is in Central Denver and consists of approximately 16,000 square feet of cultivation space that is currently being finished. Of the 16,000 square feet, 5,000 sf is their existing OPC that is being expanded by another 6,000 square feet of warehouse area and an additional 6,000 square feet of greenhouses on the roof of the new warehouse addition. Construction completion is scheduled to be next spring/summer. The OPC does not include fixtures, furniture and equipment. Both the center and OPC are under long term leases.
The sale price is $2.9MM which is a .85 valuation based on 2014 estimated gross sales. With the incredible sales, expansion capability for the center and high-end construction of the OPC, this package won’t last.
For additional information or to schedule a tour please contact:
Jason Thomas, Principal
Avalon Realty Advisors, Inc.