CPIX Blog

Bricks + Mortar Group Sells Permitted Warren Grow Facility Class C Cultivation Facility Sold

Waterford, MI: Bricks + Mortar Group, a Michigan female-owned and operated real estate company, specializing in property zoned for marijuana use, is excited to announce their latest sale. Bricks + Mortar Group sold the Warren grow facility, with the sale price of $1.2 million, on March 26th. Jessica Pendleton of Bricks + Mortar Group represented the buyer, while BMG's Stephanie Goodman represented the seller.

The property sold includes an 8,000 square foot warehouse building, sitting on 0.84 acres. It is located on East Achyl Avenue in Warren, just outside of Detroit. The municipally approved grow facility will help supply cannabis products to the 5.6 million residents who live within 60 miles of the location.

After Michigan’s recent decision to allow both medical and recreational marijuana businesses, the demand is rising for city-approved property on which to place the facilities. Many municipalities are approving new marijuana business applications, as the tax revenue can be highly beneficial to cities.

About Bricks + Mortar Group: Founded in 2015, Bricks + Mortar Group began with a focus on investment real estate and business brokerage. The company was rebranded in 2017 to focus exclusively on the cannabis industry, and has become a widely known industry leader in cannabis real estate and aggregation of related data. The robust team of experts at BMG are able to provide everything from brokers price opinion reports, business valuations, investment advice, ordinance reviews, and more. The company has quickly established themselves as the top marijuana real estate brokerage in Michigan.

Bricks + Mortar Group
248-671-6721
admin@bricksmortargroup.com
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