Kortsen/Peart Land Sale…Twice

 March 24, 2023 Trinity Lutheran Church of Casa Grande sold to JNL Arizona Properties Sale Price: $1,000,000 for 10 acres ($100,000/ac) JNL Arizona Properties then sold to Toy Storage of Casa Grande Sale Price: $3,528,052 ($352,805/ac) Reason for the Dramatic Increase??? Development/Infrastructure Contributions????

Here’s how Pinal County could shape up over the next decade

Future focus on office, health care development By 2030, Pinal County is expected to grow by another 130,000 people focus on bringing office development, health care and tourism and entertainment options   https://www.bizjournals.com/phoenix/news/2023/03/23/pinal-county-arizona-industrial-growth-next-decade.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=PH&j=3093 9522&senddate=2023-03-23

LOTS FOR NEW APARTMENTS CLOSE

In two separate transactions, the land underlying the new ROERS CASA GRANDE APARTMENTS development (***thanks for image to John McGuire’s Casa Grande Local Government &  Economic Improvement Discussion Facebook Page) 2022-126429:  7.3ac N of NWC Trekell Rd & Jimmie Kerr $1,099,236 or $3.36/sf cash 2022-126430:  3.34ac (2 parcels) $428,550 or $2.96/sf cash Blended parcel of 10.64ac […]

OPUS LANDS @ I8 / I10

December 22, 2022 21.8ac NWC Hanna & Sunland Gin Rds $4,746,580 or $5/sf cash Seems that buyer is intending “spec”  industrial space;  site construction fencing is being erected immediately

VERMA STRIKES AGAIN (AGAIN)

December 1, 2022 320ac S of SEC Val Vista & Burris Rds BOUGHT for $6,250,000 or $19,531/ac cash SOLD immediately for $9,430,000 or $29,469/ac cash INSTANTANEOUS PROFIT:  $3,180,000 Buyer and seller believed to be related entities

INDUSTRIAL LAND IN WEST CASA GRANDE IS KINDA HOT …

… and one of the few remaining lots in the City’s original industrial park just closed November 30, 2022 4.94ac just east of HEXCEL on Gila Bend Hwy / Hwy 84 $865,000 or $4.02/sf cash Seller was local media company owner family (Kramer) Parcel presumably has all utilities to site, and existing industrial zoning in place Buyer was […]

PRIME COMMERCIAL LAND ON FLORENCE BLVD SELLS

November 16, 2022 .9931ac between Auto Zone and CVS $820,171 or $18.96/sf cash Buyer and seller are related;  parcel is one of four owned by seller split from larger parcel Price seems high for unimproved lot without physical access;  unknown what site improvements were included in this sale or internal price determination between buyer/seller Buyer intention unknown

Public hearing and consideration of a request by Mesa Cobre Holding Corporation for a Temporary Use Permit (DSA-22-00200)

Mesa Cobre proposes to conduct mineral exploration drilling activities within a 7,000-acre area in the City Mineral exploration drilling activities located north of West Gila Bend Hwy., south of Maricopa/Casa Grande Hwy., east of North Indian Valley Rd. and west of Bianco Rd. Mesa Cobre Holding Corporation on behalf of Ivanhoe Electric Requests authorization from […]

NAP’S AT IT AGAIN …

October 31, 2022 3 parcels totalling 617.58ac at the NWC Battaglia & Sunland Gin Rds $9,263,700 or $15,000/ac cash This adds to his recent purchases on the other side of Sunland Gin (blue arrows in map graphic)

NOW, HERE’S A STRANGE DEAL …

Or, rather – a deal for a strange parcel of land: October 26, 2022 5.57ac @ NWC Early Rd & I-10 $87,500 or $15,709/ac Zoned City of Casa Grande UR (Urban Ranch) Buyer intention unknown Sounds cheap, until you think about what to do with this skinny parcel, but – at 200′ wide, there’s gotta be some […]

CASA GRANDE COMMERCIAL (MEDICAL?) LOT SELLS CHEAP

September 30, 2022 2.5ac in MONUMENT VILLAGE, an “old” commercial lot subdivision that started primarily as a medical office area, but now includes a Social Security Admin office, which is a converted medical office $212,000 or $1.95/sf cash Principal of buyer entity Rajneesh Punnakkattu is a Casa Grande-area pulmonologist, so purchase is believed to be for new […]

IS IT A BIRD OR A PLANE?

Is it a lot with a small building, or a small building on a large lot? September 12, 2022 600sf building on a .34ac lot, historically used as a used car sales lot @ NWC 2nd & Dry Lake Sts (across from St Anthony’s church) $245,000 with $32,500 cash down payment, seller carry Buyer intention unknown

LOCAL MOTORSPORTS DEALER BUYS MORE LOTS

August 31, 2022 19 subdivided office/warehouse lots near Casa Grande Municipal Airport Lots surround buyer Adrenalin Motorsports’ existing sales and service facilities and are in the same development, to the north of the Crossroads Church facilities also recently bought by Adrenalin (to come) $400,000 with $200,000 (50%) cash down payment, seller carry $21,052 per lot Lots […]

LUCID CLOSES ADDITIONAL ACREAGE

This transaction is shrouded in mystery, because since the buyer was technically a political subdivision of the State of Arizona (Pinal County), the deeds could be recorded with an exemption to reporting the deal particulars on an Affidavit of Property Value. Reference various media reports of the financing vehicle whereby Pinal County floats bonds for […]

IN-TOWN CORNER SELLS

August 8, 2022 3.4ac at the SWC Cottonwood Lane & Colorado St $600,000 or about $4/sf cash Currently zoned CO (commercial office) No information on the Colorado-based buyer’s intent

EVA’S (THE BUILDING) SELLS!!

This is the moment we’ve all been waiting for … accompanied by zero fanfare, no advance rumors at all! August 3, 3022 $2,500,000 with $500,000 cash down payment, seller carry No indication of the plans REYNA’S MEXICAN FOOD LLC has for the facility

WADE JURNEY HOMES BUYS 44 MORE LOTS

July 22, 2022 44 lots @ MTN VIEW ESTS (SW of I-8 / I-10 intersection $1,708,000 or $38,818/lot cash Most lots are 1ac+, subdivision has all utilities Seems like WADE JURNEY has been doing very well with its Arizona City and Toltec programs;  these lots will give it a “large lot” product line in the same part of […]

“SPEC” DIRT NEAR CG’S AIRPORT IS FINALLY HEATING UP

July 14, 2022 40ac (Pinal County Assessor’s records) $1,100,.000 or $27,500/ac (36% cash dp, seller carry) Buyer intention unknown The land west of the airport and industrial airpark but east of the mine and the land surrounding it has been a speculative hotbed in past bull markets, even with many problems:  very little infrastructure, flood plain(s) and […]

VERMA EXTRACTS ANOTHER $4.5M IN CASA GRANDE LAND FLIP PROFITS

Three concurrent deals, so pay attention: June 15, 2022 Bought 187ac for $8,041,000 or $43,000/ac or 99¢/sf cash (2022-06246);  seller Kiefer Bought 160ac for $7,200,000 or $45,000/ac or $1.03/sf cash (2022-069250);  seller Lawrence (Nap/Spike) Sold 347ac (both together) later same day for $ 19,706,544 or $56,791/ac or $1.30/sf cash (2022-069308) Buyer/seller Verma et al acted as ARIZONA LAND CONSULTING LLC Multiple […]

LAPOUR DEVELOPMENT CLOSES 205ac INDUSTRIAL PARCEL

June 8, 2022 205ac $2,400,000 or $11,707/ac Buyer LaPour Development intends to develop the site as CG COMMERCE CENTER into sites for industrial development including manufacturing, warehousing/logistics, both “spec” and build to suit custom spaces Broker for the development is Stein Koss at Lee & Associates Tish Sopha # Title Security in Casa Grande handled the […]

AIRPARK INDUSTRIAL (MAYBE?) PARCEL SELLS TO INVESTORS

Burris Rd frontage is probably a big deal for future north-south connector to Casa Grande’s burgeoning southern industrial areas, so maybe this parcel quill have some great use someday … for now, it is bereft of infrastructure, and in airport overfly zone May 31, 2022 80ac $600,000 or $7,500/ac Buyer intention unknown

ANOTHER BIG WESTSIDE CG FARM SELLS

May 24, 2022 313.9ac approx (gross 324ac less several exclusions, including an old dump at southwest corner of the property) $9,418,080 or $30,000/ac or 69¢/sf Seller was heirs of Hill family, longtime local farmers Buyer was investment group led by Dale Willis

AND ANOTHER VERMA DOUBLE-ESCROW TO LUCID

Not the first, and certainly not the last time that Lucid is clawing up every acre it can get its hands on around its existing campus May 17, 2022 40ac First sale (Wells to Verma):  $6,533,999 or $3.75/sf Second sale (Verma to Lucid):  $7,500,000 or $4.30/sf Gross (instantaneous) profit to Verma:  $966,001 Lucid continues its site expansion-driven land […]

110.33ac MARICOPA-CASA GRANDE HWY

Decent, but not exceptional piece on the “hot” west of Casa Grande, but north side of the highway, kinda notched into Larry Yount’s Grande Valley Master Plan. May 16, 2022 110.33ac $1,500,000 or $13,596/ac, $300,000 down payment with seller carry Buyer intention unknown Decent, but not exceptional piece on the “hot” west of Casa Grande, but north side […]

BARNES BUYS ANOTHER 80 IN PATH OF INDUSTRIAL PROGRESS

A major seller as well, Vernon Barnes just bought an 80 to go with a 240 he bought earlier this year on the hot westside of Casa Grande. May 13, 2022 80ac farm, PLUS farm residence (Serrano residence) and several ancillary farm buildings $5,014,750 or $1.44/sf (ignoring the valueof the residence) The resulting 320 makes a very […]

VERMALAND STRIKES AGAIN, EXTRACTING …

… another cool mil (actually $865,559, but who’s counting?) in quick “flip” profit out of Casa Grande land.  I guess Casa Grande has been discovered by the fast money. May 6, 2022 50ac SEC Pinal Ave and Val Vista Blvd First sale:  $4,034,941 or $1.85/sf cash Second sale:  $4,900,500 or $2.25/sf cash Buyer intention unknown

ANOTHER $2M FOR KEELING … Q: WHEN DOES IT END?

A:  not for a while – he’s got lots more dirt in the area.  Continuing the amazing run of property sales on Casa Gtande’s industrial west side, here’s a little gem:  20ac that Mr. Keeling paid $315,000 for in December 2020. The parcel is north of a residential subdivision, and adjacent to the east to SONORAN and […]

PICKIN’ UP THE [Tierra Grande] PIECES

We’ve been watching this dance for almost 40 years now.  Following Dick Ungar’s noble attempt at developing a new golf course community in the middle of Pinal County (11 Mile Corner), many many players – including us – have attempted to pick it up and make it better.  All have failed, culminating in Russ Webb’s abortive […]

SMALL WEST SIDE CG MF PARCEL GETS GOOD PRICE

This small MF parcel hung around on the market for 155 days, but things are heating up on that side of town and someone finally saw its value May 3, 2022 SWC McMurray Blvd & Wood St 1.33ac City of Casa Grande R2 (MF) zoning $270,000 or $4.66/sf $47,095 cash dp, seller carry  Buyer intention  unknown

ONE BY ONE, LAND PARCELS ON TREKELL …

… sell!  This one is right in front of seller (Bob Costanza’s) old gym now owned by Jim Suor.  Bob’s been trying to get out of this piece for 20 years, the market finally got to the point where it was possible, at a very healthy price, even with seller terms. April 29, 2022 2.53ac $900,000 […]

CASA GRANDE HOLIDAY INN EXPRESS SELLS

It’s been well-known for a while now that owner Piyush Patel is trying to get out of all of his properties (hotels, land, restaurant) in Casa Grande.  I guess his plan is working. April 29, 2022 $12,500,000 cash Buyer intentions unknown

SUN LIFE BUYS LAND (FOR EXPANSION?)

This parcel is across the street from their main Casa Grande facility which sits on 1.42ac … acquisition is presumably for expansion? April 20, 2022 10ac $4,356,000 or $10/sf cash Nice parcel, fair price?

SUOR’S MAKING SOME MONEY

LOCAL BUILDER MUST BE MAKING SOME MONEY Jim Suor’s been on a property-buying spree lately … there must be some money in high-end tract homes in Casa Grande. Latest acquisition is the commercial building at 930 E Florence Blvd, containing a laundromat, the Liquor Factory and other small businesses and used to include Pep Boys […]

MOST OF THE REMAINING NON-RAIL SERVED LOTS IN CAZCP CLOSE

Small industrial lots are getting kinda scarce on the HOT west side of Casa Grande, and this sale takes a bunch more of them off the market April 15, 2022 12 lots totaling 13.28ac (Pinal County Assessor) $2,283,154 or $3.95/sf cash Buyer will build a grow facility there Only two lots left in CAZCP  

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 […]

FINALLY, THIS PIECE FOUND A TAKER!

A remnant parcel created in the last boom which produced along with the subdivisions to its north, this great corner has been actively looking for a buyer for several years now. April 5, 2022 6.02ac (PCA records) $1,250,000 or $4.78/sf cash  PAD zoning;  use unknown – seems like it’s been touted form apartments Buyer intention […]

I-10 & WAVERLY 35ac

I-10 & WAVERLY 35ac April 2, 2022 35,16 ac (PAC) 5 lots averaging 7ac each $600,000  or $17,065/ac, or $120,000 per lot Buyer intent unknown … develop residential? Utilities unknown Kind of an interesting piece … kinda in the northeast foothills, buts fronts I-10

BUT WAIT, THERE’S MORE …

BUT WAIT, THERE’S MORE … What the nice, shiny article DIDN’T say was that these sharp promoters went to the trouble to add $1,258,652 to the price they paid before selling it to their own investment entity – marking it up to their own investors.  Kinda a no-lose situation … So their own investors are now in […]

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 […]

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

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 […]

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. […]

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 […]

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 […]

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 […]

“Blockbuster” CG Planning Agenda

As reported in the September 30, 2014 issue of the CASA GRANDE DISPATCH: P&Z to discuss Tractor Supply and PhoenixMart Staff Reports Consideration of a major site plan for a Tractor Supply Co. distribution center and a change in land use designation for PhoenixMart are scheduled for discussion at Thursday’s Casa Grande Planning and Zoning […]

Coolidge in Planning Spats!

The City of Coolidge is provoking some discontent amongst its neighbors by brazenly claiming overlapping planning area, contrary to existing IGAs. In the case of Eloy, the land in question is the south end of what was once the City of Mesa water farm, now owned by affiliates of Farm Services International, fronted by Jackob […]

Seniors Deal: DOA

Yet another proposed development optimized for Seniors … has been killed by overzealous politicians masquerading as council members pretending to be engineers. Due to a small wash at the south end of the property, the guardians of the citizenry’s collective life and limb ignored Staff recommendations and an Engineer’s sealed findings to deny the plan […]

Another Seniors Deal

Yet another proposed development optimized for Seniors has made its way before the omniscient City zoning oracles. Seems “Aging” is a vibrant development sector right now, and this one is purportedly a copycat of the facility we helped site on the Villas by Mary T property at the N/E/C Peart and Cottonwood.  In fact, we […]

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.

I10/Florence Valero Zoning Activity

Valero has finally started entitlement work on their 4ac+ parcel at NWC Florence Blvd and I-10.  Improvements look pretty predictable:  C-store, gas pumps, car wash.  Notable is that this will entail a stop light at that intersection (Camino Mercado).