BMG Sales Report

July 27, 2020

Lansing Marijuana Processing 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 Lansing processing facility, with the sale price of $200,000, on July 23rd. Jessica Pendleton of Bricks + Mortar Group acted as the seller’s agent in the sale, while Bill Jakovac of Summit Realty represented the buyer. The permit-ready property features a large industrial building on one acre, with 1,600 square feet of office space and 3,200 square feet of warehouse space. It is located on Barr Avenue, in the heart of Lansing. The processing facility will help supply cannabis products to the 3.3 million Michigan residents who live within 50 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. For more information about buying and selling with Bricks + Mortar Group, and to view current listings, click HERE.

About Us: Bricks + Mortar Group, a women-owned and operated real estate investment firm based out of Michigan, specializes in the development of property zoned for marijuana related use. 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 firm in Michigan.

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