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Medican Acquiring 67K SF Industrial Property in Phoenix for $2.3M
    
Phoenix Industrial

December 2, 2014

Medican Acquiring 67K SF Industrial Property in Phoenix for $2.3M

Medican Enterprises Inc. announced that the company has signed an agreement to purchase a 67,000 square-foot industrial facility in the Phoenix area for $2,340,310.

Medican plans to launch a real estate leasing and marijuana service business at the unannounced location.

Excerpt: At current market rates the property is estimated to produce annual lease revenues of approximately $1,400,000.

businesswire.com

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