Zoned Properties, a strategic real estate development company based in Scottsdale, develops sustainable properties in the marijuana industry. Chino Valley, just north of Prescott, is the next destination on the company’s radar, where they plan to build a 47.6 acre property that will become home to a gigantic medical marijuana cultivation facility.
The different phases of development can be followed on Zoned Properties’ website.
Bryan McLaren of Zoned Properties said, “Over the past several years Zoned Properties has successfully developed and leased what we consider to be merely the foundation for the Chino Valley Cultivation Facility. Today’s operating facilities include a small portion of what has been approved in collaboration with local officials as part of a long-term development deal with the municipality. As market demand continues to grow, the Chino Valley Cultivation Facility is well-positioned to expand into a much larger development that can service the entire state of Arizona. The master plan includes roughly 25 acres of operational space dedicated to medical marijuana cultivation and processing, which can be leased at premium rental rates compared to traditional commercial real estate.”
McLaren continued, “The unveiling of the Master Plan for the Chino Valley Cultivation Facility represents years of developing best practices specific to this emerging industry and is essential in demonstrating tangible value to current and prospective shareholders. The master plan establishes a road map for the expansion of facilities as our existing tenant gains more and more market share. The development concept includes a balance of medical marijuana facilities, corporate office space for management, sustainable housing for on-site workers, and a large-scale solar power installation to support energy requirements. Guided by this vision, we believe the Chino Valley Cultivation Facility has the potential to become a premier and influential property for the emerging medical marijuana industry.”