Golden Corridor

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

Published on by Matt Herrington

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

Published on by Matt Herrington

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

Published on by Matt Herrington

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

Published on by Matt Herrington

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

Published on by Matt Herrington

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

Published on by Matt Herrington

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

Published on by Matt Herrington

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 …

Published on by Matt Herrington

… 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?

Published on by Matt Herrington

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

Published on by Matt Herrington

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

Published on by Matt Herrington

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

IT’S CALLED A DOUBLE ESCROW, and DOUG KEELING …

Published on by Matt Herrington

… leaves a cool Million on the table.  Doug had it sold to the Verma bunch when Broker Kirk McCarville approached them about selling the parcel to Lucid, which Verma did for a cool, quick mil. May 2, 2022 80ac First sale $8,820,000 or $2.53/sf Second sale (to Lucid) $9,9800,000 or $2.81/sf Watch for more eye-popping wallet-busting […]

ONE BY ONE, LAND PARCELS ON TREKELL …

Published on by Admin2

… 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

Published on by Admin2

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?)

Published on by Admin2

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

Published on by Admin2

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

Published on by Admin2

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  

SMALL AZ CITY MULTI-FAMILY LOT ASSEMBLAGE GETS ALMOST $2/sf

Published on by Admin2

Apartment land in Arizona City has been undervalued for a long time.  Most lots have ALL infrastructure needed for development, and yet values are generally less than the cost of any ONE utility.  So here’s a nice example of values heading to where they should be – MANY dollars per sq ft April 13, 2022 1.52ac […]

IMPORTANT (SOME DAY) RURAL CORNER SELLS

Published on by Admin2

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

Published on by roxcom

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!

Published on by Admin2

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

Published on by Admin2

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

KEVIN PETERSEN’S STILL BUYING

Published on by Admin2

KEVIN PETERSEN’S STILL BUYING… … so this run must not be over … although, deal DID record on April Fool’s day  April 1, 2002 147.171ac (APV) NWC Hunt Hwy & Attaway Rd $6,181,182 or $42,000/ac cash Zoning mix / use unknown, probably mostly residential?

COOLIDGE IS GETTING PRICEY!

Published on by roxcom

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 […]