LAST BIG LOT IN VIP/SONORAN INDUSTRIAL PARK SELLS

With the crush of giant new Industrial plants, it was inevitable that smaller, fully-serviced industrial lots would become scarce.  The VIP and SONORAN INDUSTRIAL parks tick all the boxes:  already subdivided into smaller lots, with all infrastructure and even some rail, appropriate zoning, and on the industrial side of town, ESPECIALLY WITH THE DIFFICULTY OF […]

CITY OF MARICOPA BUYS 10ac

March 15, 2022 10.75ac (6 separate parcels;  gross acreage;  from County Assessor records)) $3,321,234 or approx $7.09/sf Buyer intent unknown Lotsa coin for a piece with little frontage on it!

COOLIDGE IS GETTING PRICEY!

March 15, 2022 10ac GROSS $1,050,000 or $2.41/sf GROSS $505,000 cash down payment, seller carry being on the intersection of two major roads, NET acreage will be MUCH LESS;  take 100′ off both frontages and this turns in a 560’x560′ parcel, or 7.2ac, or $3.35/sf NET Looks like arms-length sale;  buyer from California Buyer intent unknown Nice-ish […]

**NEW LISTING – SOUTH ELOY ACREAGE – 833ac

SUPER large package of rural acreage, perfect for buyers seeking the solitude and beauty of the south Eloy area. Poised north of the Greene Reservoir Wash, these parcels have views to forever of the Sawtooth Mountains and the Silverbells. Sunland Gin Rd is paved all the way from Arizona City down to Silverbell Estates, and […]

BLOCKBUSTER SANTAN LAND DEAL ($16M)

March 11, 2022 315.16ac mol going off of APNs only;  **curvilinear metes & bounds legal descriptions for 10 parcels took 21 pages, which this scrivener did not peruse, so there could be some variation in exact acreage transferred $16,165,064 or approx $51,292/ac Selling entities include Hiatt / Cardon / Bawden principals Buyer is TOLL BROS AZ CONSTRUCTION These […]

SEMICONDUCTOR MANUFACTURING SUPPLY CHAIN EXTENDS AS FAR SOUTH AS CASA GRANDE

                        Edwards, an industrial vacuum equipment supplier that works in the semiconductor industry, intends to open a 200,000-square-foot manufacturing facility in Chandler, the company, along with the city of Chandler and the Valley’s economic development organizations, announced Thursday. Read more at Phoenix Business Journal […]

AIN’T IT A STEAL @ $25/sf?

With a corner 1.25ac parcel in off the freeway, further west in Casa Grande closing for $28/sf for a car wash, doesn’t this 1.63ac in front of the old Sam’s Club – soon to be a multiple car dealer park – one look like a pretty good price? This is the heading Lorem ipsum dolor […]

ACTIVITY IN INDIAN VALLEY RANCHETTES LOTS INTENSIFIES

Third parcel of the year records in area of northwest Casa Grande foothills near GRANDE VALLEY and COPPER MOUNTAIN RANCH. We (ROX COMMERCIAL principals) are owners of many parcels in the area, and expect that prices will pass $10,000/ac, reaching $15-20,000/ac as soon as COPPER MOUNTAIN development gets unstuck. 2-28-2022 $82,000 CASH ($8,632/AC) Buyer intent […]

SPEAKING OF CRAZY-HIGH PRICES …

… how about 945ac of farmland east of Eloy for $94,500,000 or $100,000/ac  or $2.30/sf?!!! Some things you just can’t make up.  But – hey – who am I to say this property won’t sell for that?!

SEEMS LIKE $2/sf IS THE NEW NORM FOR …

… Industrial dirt.  Here’s a new parcel on the market near I-8 and I-10 intersection, adjacent to south to 3 parcels that recently sold to Identico for an average of $1.65/sf 47.31ac ASKING $4,250,000 or $89,833/ac or $2.06/sf    

I-8 & I-10 INDUSTRIAL LAND SALE TO USER?

In a series of transactions starting Feb 11. 2022, three adjacent parcels transacted to same buyer for a GRAND TOTAL of 18.34ac, 1,321,000sf, AVERAGE $1.65/sf 016732:  5.68ac, $355,000, $1.43/sf 016739:  3.63ac + 3.44ac = 7.07ac, $424,200, $1.38/sf’ 016773:  9.03ac, $541,800, $1.38/sf Buyer is Richard Grubenhoff with Indentico Print Services Buyer intention unknown

VIEL GLUCK AND BEN FATTO ARE AT IT AGAIN

Two long–time SE Valley investment entities with a habit of buying/selling partial interests of various properties between themselves just transacted part of a large 11 Mile Corner area farm: Feb 16 2022 1,072ac farmland East of Tierra Grande; fronts west side of 87 south of 287 across 87 from Saint solar farm Partial interest (5.7%) transferred […]

ELOY “SPEC” LAND

Not a lot happening in true speculative land buys lately in this part of the County.  This one – although NOT a corner – is nicely situated and probably a pretty good buy @ $7,599/ac. Feb 16, 2022 42.61ac E of NEC 11 MIle Corner Rd and Hanna NOT the corner Between Eloy Muni Airport […]

BLOCKBUSTER COPPER MOUNTAIN RANCH (CASA GRANDE) ACREAGE SALE

Feb 10, 2022 1,000ac (total LKY (Yount) holdings were 1,550ac but strips along Val Vista and Burris were retained $20,000,000 TERMS ($7,500,000 cash down payment SELLER:  LKY ownership entity (Larry Yount, Principal) BUYER CACTUS 110 LLC, a land acquisition entity for the old ASARCO Sacaton mine being re-opened next door

MAJOR RETAIL DEVELOPMENT COMING TO MARICOPA SOON

Maricopa City Manager Rick Horst has confirmed that a major retail development is coming to the area at the southeast end of the overpass – soon.  Horst said a developer is in place and “dozens” of shops and retailers have signed letters of intent, with other joining the center at a rapid pace.  Read more […]

INVESTOR MAKES $26,000,000 IN MARICOPA

In 2006 JNAN LLC sold RANCHO MIRAGE (Section 29, 640ac)  to SHEA HOMES for about $35,000,000 (actual price undisclosed) On Jan 5, 2006 – after the crash – JNAN bought back the unbuilt portion (about half – approx 300ac) in 2008 for $4,050,000 On February 2, 2022 JNAN LLC sold what was left of RANCHO MIRAGE […]

180ac SWC STOREY/COTTONWOOD & HACIENDA

January 14, 2022 Closed at $32,000/ac or 73¢ /sf Buyer intent unknown We think that’s a nice piece – south side of Cottonwood/Storey , east of Freeway, north of the Promenade – at a nice price. All it needs is water … and sewer … and zoning … and a freeway interchange …

CAR DEALER FAMILY STEALS 6+ ac

DATE: February 23 and March 24, 2017 AOPV: 2017-012302, 2017-012303 2017-020827 SELLER: Various BUYER:  JONES BROTHERS INVESTMENTS LLC (Thomas Jones, Ronald Jones, Buckeye, AZ) BROKERS:  CITY TO CITY (Ken Reycraft) APN:  504-41- (multiple), 501-42- (multiple), 504-09-024-K ADDRESS:  NEC Pinal Ave/Silver Reef Rd, Casa Grande SIZE:  approx. 6.29ac (Pinal County Assessor;  including abandoned rights-of-way) PRICE:  $200,000 + $200,000 […]

ARROYO VERDE ESTATES LOTS SELL IN BULK

DATE: February 23, 2017 AOPV: 2017-012302, 2017-012303 SELLER: MCCARTNEY ESTATES LLC BUYER:  AROYO ARIZONA, LLC (Phoenix, AZ) and ARROYO VERDE 35 LLC (Kevin Petersen et al, Gilbert, AZ) BROKERS:  unknown APN:  401-04- (multiple) ADDRESS:  SEC McCartnery/Weaver Rds, Casa Grande SIZE:  53 + 6 = 59 1ac+ lots (Pinal County Assessor) PRICE:  $1,530,640 ($28,880/lot) and $173,280 ($28,880/lot) cash […]

AZ SKYDIVING sells Eloy 40ac

DATE: March 29, 2016 AOPV: 2016-018606 SELLER: ARIZONA SKYDIVING HOLDINGS, LLC (Lawrence and Liliane Hill, Eloy, AZ) BUYER:  Dennis Wagar (Marion, MT) BROKERS:  unknown APN:  500-40-002 ADDRESS:  W of Sunland Gin Rd, S of Harmon Rd SIZE:  40ac MOL PRICE:  $160,000 cash COMMENTS:  Motivation for this deal is unknown, but price is kinda (spectacularly) high;  might have […]

LOCAL FARMER BUYS NICE 160ac FARM

DATE: March 16, 2016 AOPV: 2016-015490 SELLER:  CG-5 LOAN, LLC / Rader Family Trust by Katalin Rader and Garry Samuels (Pleasanton, CA) BUYER:   KEELING FAMILY PARTNERSHIP (Casa Grande, AZ) BROKERS:  unknown APN:  511-24-003 ADDRESS:  S/E/C Selma Hwy & Chui Chu Rd SIZE:  160ac MOL PRICE:  $1,440,000 cash COMMENTS:  Wow – nice piece but pretty spendy.   […]

S Casa Grande MHP Sells

Lotsa MHP sale action recently … wonder why. DATE: March 16, 2016 AOPV: 2016-015435 SELLER:  Diersbock, TTEE (MIssion Viejo, CA) BUYER:   LAS CASITAS CG (San Juan Capistrabo, CA) BROKERS:  unknown APN:  511-26-003-D, -013 ADDRESS:  Chui Chu Rd N of I-8 SIZE:  35ac, unknown # of spaces or park-owned units PRICE:  $1,850,000 cash       […]

Big Little Land Deal

Is a $20,000 dirt deal worthy of making headlines?  This piece, in this market is, yes.  A mere 2ac parcel in a god-forsaken part of the world just sold for $20,000 – or $10,000/ac.  YES – it was a seller carry, and YES it had power and probably water, and YES it is a corner. […]

Another True “Spec” Piece in Eloy

Remember when junky (no water, no power, no cactus, no access) little (40ac) pieces of desert used to sell for $1,000/ac at the bottom of every cycle?  And then rise to $2,000, $5,000 and even $7,500 at or near the top?  Well, the last top for parcels like this got into the teens, twenties and […]

PRIME CASA GRANDE RETAIL CORNER CLOSES **CHEAP**

DATE: April 14, 2016 AOPV: 2016-022487 SELLER: IMH SPECIAL ASSET NT 194, LLC (Scottsdale, AZ) BUYER:  BIG SLICK HOLDINGS LLC, Werner Family Tr (Scottsdale, AZ) BROKERS:  unknown APN:  505-16-008-D ADDRESS:  SWC Cottonwood Ln and Peart Rd, Casa Grande SIZE:  8.88ac (Pinal County Assessor) PRICE:  $650,000 ($1.68/sf) cash COMMENTS:  Unbelievable (low) price for this prime corner, one […]

A True, Large Investment Parcel Sells?! OMG

    DATE: February 1, 2016 AOPV: 2016-008406, -008407, -008409 SELLER:  CANACORN LLC (Hamel et al Phoenix, AZ) BUYER:   John & Melinda Donley (Casa Grande, AZ;  Donald K Donley TTEE (Eloy, AZ); BROKERS:  City to City APN:  511-44-095, -096 ADDRESS:  SEC & SWC Lamb & Phillips Rds, Eloy AZ SIZE:  640ac mol PRICE:  $1,081,653 ($1,690/ac) cash (total) COMMENTS:  Finally, […]

Former Roof Tile Plant near Tractor Supply (CAZCP)

    DATE: February 8, 2016 AOPV:  2016-007542 SELLER:  OLDCASTLE APG WEST INC (Phoenix, AZ) BUYER:   APPLEGATE REAL ESTATE LLC (Michigan) BROKERS:  unknown APN:  503-56-017-b ADDRESS:  17678 W Plam Ave, Casa Grande AZ 85122 (SWC Pinal Ave / Palm Ave) SIZE:  Land: 20ac mol;  Building(s): unknown PRICE:  $800,000 cash COMMENTS:  Feels like lotsa good […]

Great Little Commercial Lot in County Island

    DATE: February 8, 2016 AOPV:  2016-007542 SELLER:  Willam E Cox et ux et al (Goodyear, AZ) BUYER:   Douglas J Karolak  (Casa Grande, AZ ) BROKERS:  AZ New Horizon Realty APN:  504-25-085 ADDRESS:  17678 W Plam Ave, Casa Grande AZ 85122 (SWC Pinal Ave / Palm Ave) SIZE:  7,500sf (per broker/listing) PRICE:  $53,000 / […]

“SPEC” 27ac W SIDE CASA GRANDE

DATE: March 31, 2016 AOPV: 2016-019262 SELLER: BRISINGER FUND 1, LLC (Salt Lake City, UT) BUYER:  Natalie Markevicius (Clermont, FL) BROKERS:  unknown APN:  503-55-005-C ADDRESS:  W side of Bianco Rd S of Peters Rd SIZE:  26.67ac MOL PRICE:  $98,900 ($20,353 cash dp, seller carry) COMMENTS:  Nice to see truly “spec” land coming back – at any […]

Fast Food Stores Sell to Idaho Investor

    DATE:  January 27, 2016 AOPV:  2016-005187 SELLER:  TCBT, LLC (Mesa, AZ) BUYER:   FLORENCE CASA GRANDE AZ PROPERTY LLC  (Idaho Falls, ID) BROKERS:  unknown APN:  505-23-001-B, -001-H ADDRESS:  2234 E Florence Blvd, Casa Grande AZ 85122 (Dairy Queen/Shell) SIZE:  n/a PRICE:  $662,049 (cash) COMMENTS:  Also see 2016-005197 for purchase by same buyer of the […]

Interest from big manufacturers fuel economic growth in San Tan Valley, Pinal County

Economic development in Pinal County is on the rise, according to Pinal County Economic Development Manager Tim Kanavel. “We’ve increased quite a bit,” Mr. Kanavel said during a phone interview, “especially with large projects. Remember when Tesla was looking everywhere, including Coolidge? Suddenly Pinal County is on the map.” Continue reading article at 

Casa Grande Industrial Rezonings

        CASA GRANDE — The City Council has approved rezoning three parcels of land on the west side of town to invite new industrial development.  A total of 405 acres located west of Thornton Road will be reclassified as either General Industrial or Community Services zones. Two of the land parcels were […]

New Church Site in Casa Grande

DATE:  January 8, 2016 AOPV:  2016-001206 SELLER:  ELAINE FARMS LLC et al (Carl Clapp, Casa Grande AZ) BUYER:   TRINITY LUTHERAN CHURCH OF CASA GRANDE BROKERS:  unknown APN:  a portion of 505-07-050-A ADDRESS:  N side Kortsen Rd between Trekell and Peart ZONING: n/a SIZE:  10ac MOL PRICE:  $500,000 ($50,000/ac approx) cash from new financing COMMENTS:  One […]

NEW DOLLAR GENERAL TO ELOY?

So we stopped negotiating late last year with Dollar General on our I-10 and Toltec Rd site after they wanted too many restrictions on the rest of our site. Now we understand that they are in escrow on part of the Walton Intl frontage on Toltec just north of Circle K. Any intel?  Anybody?

Circle-K Buys Florence Blvd Corner

DATE:  October 28, 2015 AOPV:  2015-070135 SELLER: CML-AZ CORNERSTONE LLC (c/o RIALTO CAPITAL MGMT, Tempe AZ) BUYER:  CIRCLE K STORES INC (Tempe, AZ) BROKERS:  N/A APN:  505-30-001-N ADDRESS: SEC Florence Blvd / Pottebaum Ave, Casa Grande AZ 85122 SIZE:  82,162sf MOL (legal description) PRICE:  $1,047,565 cash ($12.75/sf) COMMENTS:  Circle K musta found some cheap financing […]