Ohio Cannabis Store Sells To Out-Of-State Investor For Record Sum
The same building sold for $2.5 million a year ago
In a sign of confidence in Ohio’s burgeoning $1.1 billion cannabis market as well as a major marijuana multistate operator’s staying power, a downtown Columbus cannabis store has sold for a record sum.
The $4.1 million an unnamed New York investor paid for a 9,900-square foot building in Columbus’s Brewery District that houses a Trulieve Cannabis Corp. store is the most paid for commercial real estate in the city in eight years, according to CRE firm Matthews.
The same building sold for $2.5 million a year ago, the Columbus Business Journal reported.
The seller negotiated a 10-year lease with Trulieve to occupy the property before the sale.
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