Zoned Properties has completed the expansion of its cultivation facility located in Chino Valley, Arizona.
"The final completion of this phase of expansion at Chino Valley marks a multi-year accomplishment our team has been working towards. Not only does the completion and concurrent amendment to the lease agreement significantly increase our rental revenue, but it also positions Zoned Properties to explore providing tenant improvement capital for the project in the future to even further increase our revenue potential from the facility," said Bryan McLaren, Chief Executive Officer of Zoned Properties.
Over $8 Million of capital has been invested by the Company’s significant tenant at the Chino Valley Cultivation Facility. "Effective March 1st, 2022, operational square footage will increase from 67,312 square feet to 97,312 square feet" he continues. "The Chino Valley Cultivation Facility also includes an approved master plan for additional future expansion that is construction ready. If completed in its entirety, the additional square footage of operational and rentable building space would increase another 60,000 square feet for a total of 157,312 square feet of operational and rentable space at the facility."
For more information:
Zoned Properties
14269 N. 87th Street Suite 205
Scottsdale, AZ 85260
(877) 360-8839
zonedproperties.com