2929 NW Grand Ave

JLL Industrial Capital Markets, serving as the exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 2929 NW Grand Ave (the “Property”) – a ±141,697 SF facility, 100% leased to Stiiizy. The Property is 100% leased with 11.5 years of WALT remaining and 2.00% annual rent bumps. With strong tenancy, Stiiizy, founded in 2017 in California, has rapidly become a leading force in the legal cannabis industry, known for its innovative products and strong brand identity. As part of the privately-held Shryne Group Inc., Stiiizy has expanded beyond California to other states with legal cannabis markets, establishing its own branded retail stores and diversifying its product line. Operating within a rapidly growing U.S. legal cannabis

market projected to surpass $55 billion by 2030, Stiiizy’s strong market position and innovative approach suggest it is well-positioned to capitalize on the industry’s continued growth.

Located in Phoenix’s Grand Avenue submarket, – one of Phoenix’s most infill industrial submarkets, the Property benefits from its proximity to the I-10 and I-17 freeways. The cannabis industry’s growth in Arizona offers a compelling opportunity for industrial real estate investors. With Stiiizy’s expansion plans and Arizona’s projected CAGR of 17% for the cannabis industry from 2023-2030, the market is ripe for investment*. Phoenix’s growing industrial market aligns perfectly with cannabis expansion, creating a dual opportunity in real estate and cannabis. This synergy, coupled with strong demand for smaller industrial spaces, presents potential for diversified revenue streams and increased property value. Favorable regulations and an expansive consumer base further enhance the appeal of this rapidly expanding market segment.