Pittsburgh & West Virginia Railroad (PW) - Power REIT Buys Another Property In Colorado For Cannabis Operations
PropCo. The property has a favorable geographical position for both greenhouse growing and business operations, being suited in the southern part of the Centennial state. The Deal Specifics Under the deal, Power REIT is supposed to back the building of around 24,512 square feet of greenhouse and processing capacity for Gas Station LLC, a new tenant. With this funding, Power REIT’s total investment for the property amounts to $2.1 million. PropCo signed a 20-year “triple-net” lease with Gas Station, which is supposed to run a cannabis cultivation facility. Under the lease, Gas Station...