March 28, 2023 Seller: Jacor, LLC Buyer: CLB Partners, LLC Sale Price: $2,191,466 160 Acres ($13,697/ac) Unknown what the End Use will be
acreage
RAW LAND WEST OF FRANCISCO GRANDE APPROACHING $10,000/ac
September 15, 2022 155.79ac @ NEC Peters & Midway Rds $1,480,005 or $9,500/ac cash Buyer intention unknown
90ac in CG’s NEW NORTH INDUSTRIAL ANNEXATION AREA CLOSES TO MICHIGAN INVESTOR
This sale is significant because buyer Ed Peters now owns 345 contiguous acres in the path of industrial progress. 85ac mol is well in the floodplain of the north branch of the Santa Cruz, but is still a very attractive industrial site. April 29, 2022 3/4 mile paved rd frontage (Ethington) AZ Water company has main to eastern boundary […]
IMPORTANT (SOME DAY) RURAL CORNER SELLS
Looks like junk dirt now, but this funny piece may turn out to be a key corner smack dab in the middle of things: new things, industrial things, BIG things. With all the industrial growth westward from Casa Grande, eventually running into the sleeping giant of LEGENDS mixed-use master plan, all this piece needs is […]
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 […]
GOLD BOND EXPANDS ELOY LAND HOLDINGS
March 22, 2022 20ac $800,000 or $40,000/ac Rail-served Seller: Walton This parcel, created by recent MLD, is adjacent to 114ac already owned by Gold Bond, which is the site of a wallboard manufacturing plant slated to begin construction soon
KEELING PAYS $30k/ac SOUTH OF CASA GRANDE
March 18, 2022 24.98ac Farmland $750,000 or $30,000/ac cash North side of Selma Hwy, 1/4 mile west of Chuichu Tish Sopha, TITLE SECURITY AGENCY, Casa Grande handled the title/escrow
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 […]
ANOTHER HARTMAN FARM SALE
Adjacent to the north of the piece Conley bought; same price 96.469 NET ac $1,977,615 or $20,500/ac (same as prior sale) Buyer intent unknown
CONLEY WOLFSWINKEL BACK IN ADCTION; ANDERSON RD FARM BUY BUSTS $20K/ac
Mar 8, 2022 142.143 NET ac farmland $2,913,932 or $20,500/ac Seller SCR LLC involves Bryan Hartman Buyer Georgetown HoldingS
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
BIG SELLER OF CASA GRANDE INDUSTRIAL LAND BUYS MORE
Feb 16, 2022 240ac “Sturgill” farm Buyer Vernon Barnes et ux $6,500,000, a little more thsn Barnes realized in the Air Products and Jing He Science sales (SWC Peters & Burris) earlier in the week $26,816/ac or 62 cents/sf Just south of Pinal Tech Park
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 […]
LOCAL INVESTORS SELL 10ac IN PRIME NE CASA GRANDE FOOTHILLS AREA
Feb 9, 2022 10ac split (second from 80ac mother parcel) via MLD $300,000 or $30,000/ac N side of Val Vista Rd just east of Val Vista Ests
273ac mol in Second Gladden Farms sale
3 parcels, includinig 1 farm structure (house?) $14,500,000 $53,500/ac or $1.23/sf Same buyer as 2022-013887; Intent unknown
320ac HWY 287 East of Promenade closes
Feb 3, 2022 $14,500,000 $45,000/ac approx Buyer intention unknown
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 …
226ac “Spec” land south side of I-10 (ELOY)
January 14, 2022 $1,864,500 / 226.3ac = $8,240/ac Buyers intention unknown
163ac near ATTESA just closed (Dec 8 2021) at eye-popping $ number
$19,000/ac?! WOW!
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 […]
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. […]
Insider's Club
Oops! They Did It Again! (Another True “Spec” Sale in Eloy 6 Days Later)
It happened again! (see my last post about the historical pricing cycle for junk dirt and how that model has NOT been valid this time) Price seems a bit rich, but Musulin is a pretty experienced investor around here, so … (he must know something we don’t)? DATE: February 18, 2016 AOPV: 2016-009718 SELLER: Cristosomo/Marquez (Litchfield […]
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 […]
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, […]
“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 […]
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 […]
Insider's Club
Casa Grande RV Park Owners Buy More Land For Expansion
DATE: January 13, 2016 AOPV: 2016-002272 SELLER: CG PROPERTY PARTNERS LLC (Chah Lvg Tr, Tucson AZ)) BUYER: BC RANCH RESORT LLC (McGavin et al, Casa Grande AZ) BROKERS: unknown APN: 503-34-009-B ADDRESS: 1837 N Thornton Rd, Casa Grande AZ SIZE: 18.66ac MOL (Assessor’s records) PRICE: $466,500 ($25,000/ac); $100,000 down payment, Seller carryback COMMENTS: The extended McGavin family […]
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10ac NW Casa Grande Foothills
NEW LISTING: Investment parcel in the foothills northwest of Casa Grande. Wedged between the incredibly beautiful COPPER MOUNTAIN RANCH master planed community, GRANDE VALLEY, the Gila River Indian Community and the Ak-chin Regional Airport (just to the west), land in this area has nowhere to go but up! Access full flyer here.