Zoned Properties Completes $8M Expansion At Chino Valley Cultivation Facility, Plans To Bolster Portfolio And Cash Flow

-focused real estate development firm Zoned Properties, Inc. (OTCQB: ZDPY) announced Tuesday an amendment to the lease agreement with a significant tenant related to its cultivation facility located in Chino Valley, Arizona.

To date, the company’s significant tenants have invested more than $8 million at the facility, in addition to maintaining master rights to the property and facilities through the remainder of the lease agreement.

As of September 1, operational square footage will be boosted from 40,000 square feet to 67,512 square feet, while new base rental payments at the facility will increase 68% from $32,800 to …

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