Portland Cannabis Dispensary Property - Plan of Atoke

[Lucas Bennett]

Hey there BP,

It's been a while! Here's my current scenario:

I have a commercial property under contract in Portland, OR that is the perfect spot for a cannabis dispensary: Great location, great traffic, cool looking building. I have already gone through the process of applying for a recreational retail license from the city (ONI) , and we have already received our buffer zone for the site. The state application is currently being processed by the OLCC.

I have experience opening and running cannabis dispensaries in OR, but due to the extremely hot market in Portland for this type of property, I am now thinking about selling it to someone who is looking to get into the market, or to an established cannabis company looking to expand their footprint.

The problem is I don't know exactly how/where to market this deal. I have a list of my buyers, but they are interested in real estate, not in running a marijuana business, which is where the value in this property is. 

So assuming you are allowed to market this property, who do you go to first? Craigslist? Current cannabis dispensaries in Portland? From WA? Cannabis real estate agents? 

Any suggestions on marketing routes, or other strategies for this property, would be greatly appreciated. Thank you!

Lucas

[Ash Patel]

Don't underestimate social media.  For the first time ever, I gave a property to a commercial broker to market for sale/lease.  I have always done this myself but I've been reading 4-Hour Work Week.  In the nine months that they had it, not a single offer to buy or tenant showing, and these guys were supposed to be the best in the city.

After my contract with them expired, I offered $10,000 cash to anyone who brought me a referral for a tenant or buyer.  In three weeks I accomplished what my commercial brokers couldn't in nine months.  You may be surprised at how vast your circle of colleagues/friends is.  The exposure was way beyond what I imagined.