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California’s Warehouse Opportunity

Marijuana legalization is good news for lenders of industrial properties in California

California’s Proposition 64, which seeks to legalize recreational marijuana use, is looking likely to pass on November 8.

If it does, cannabis growers and sellers will need lots of industrial space in California. This represents a big opportunity in the state’s industrial property sector, which could take off just as it did in Colorado after a similar law was passed.

Our analysts compiled a list  of industrial properties in California that are comparable to those that rose in sale and rent prices as a result of Colorado’s marijuana legalization. Combined with CrediFi’s commercial mortgage data, we identified some great deals to refinance.

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