May 25, 2023 Seller: City of Maricopa Buyer: Maricopa Land Acquisition I, LLC 3 Lots with 3 separate APV’s Combined Sale Price: $3,332,094 Total of 12.75 Acres ($261,340/ac) Seller Loan (Carryback) Speculation of Final Use but nothing Confirmed Speculation of Final Use but nothing Confirmed
ROX COMMERCIAL
Chemical Strategies, Inc. Expanding into CAZCP
May 5, 2023 Seller: Casa Grande 25 Investments, LLC Buyer: Williams and Meagher, LLC. Sale Price: $2,405,383 10.04 Acres ($239,580/ac) This sale leaves only 5 acres remaining out of 740-Acres in CAZCP Originally posted by John McGuire on Casa Grande Local Government & Economic Improvement Discussion FB Page https://www.bizjournals.com/phoenix/news/2023/05/25/chemical-strategies-semiconductor-arizona.html?csrc=6398&taid=646f5f623e1a2f0001dd030d&utm_campaign=trueAnthemTrendingContent&utm_medium=trueAnthem&utm_source=twitter
Slim Chickens Restaurant Coming to Maricopa!!!
May 15, 2023 Seller: CAPDEVL060, LLC Buyer: Slim Restaurant P9, LLC Sale Price: $615,000 1.22 Acres ($504,098/ac) Located in front of Walmart off of Maricopa-Casa Grande Highway Just Broke Ground https://www.inmaricopa.com/slim-chickens-restaurant-announces-location-fast-casual/
Apartments coming to Pinal Ave/Oneil Dr?
April 28, 2023 Seller: Abiana, LLC Buyer: Sterling Development Investments, LLC Sale Price: $2,850,000 9.03 Acres ($315,615/ac) Believed to used for Apartments Originally posted by John McGuire on Casa Grande Local Government & Economic Improvement Discussion FB Page
Nap Lawrence at it Again!!!
April 27, 2023 Seller: Wofford Farms Buyer: Nap Lawrence Sale Price: $2,400,000 All Cash 160 Acres ($15,000/ac)
Newlife Baptist Church sells “Coming Soon” Land off of McCartney Rd.
April 28, 2023 Seller: Newlife Baptist Church, Inc. Buyer: Fast Mart Food Store, LLC. Sale Price: $280,000 10 acres ($28,000/ac) Newlife Baptist Church recently purchased the old Crossroads Church on Piper Ave. Unknown of intention of the land off of McCartney Rd. for the new owner
IndiCap to Build 318-acre Industrial Park in Casa Grande
317.78-acre light industrial park near the NEC of Cottonwood Lane and Henness Road Nexus Industrial 162.54 acres at the site changed to Commerce and Business Commission will hold a second hearing May 4 IndiCap to Build 318-acre Industrial Park in Casa Grande
Casa Grande Mobile Home & RV Park Sells for $10 Million
April 18, 2023 Arizona Village Mobile Home & RV Park Seller: GL Arizona Village, LLC Buyer: Copperwood 4, LLC Sales Price: $10,100,000 27.05 Acres ($373,383/ac). Sale includes the Lot North of Park Buyer already owns Casa Grande RV Resorts and Cottages off of Rodeo and Pinal Ave.
New Land Purchase with a Certificate of Assured Water Supply!!!
April 11, 2023 Seller: Cottonwood & Thornton, LLC Buyer: JDM Group (Real Estate Development) Sale Price: $750,000 17.79 Acres ($42,159/ac) Already has it’s CAWS Previous owner had planned on building Manufactured Homes on this piece New owners planning on Single Family Development or Commercial???
New brewery, retail project could give needed boost to downtown Casa Grande
April 14, 2023 “The Terminal Station” $1 Million Dollar Project 20,658 square feet 1st quarter of 2024 is the target move in date https://www.bizjournals.com/phoenix/news/2023/04/14/nk-development-casa-grande-arizona.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&utm_term=phoenix_morning_call
Land South of Coolidge sells….Renewable Energy Project???
April 7, 2023 Seller: Acceptance and Delivery Inc. Buyer: Red Stick Land Holdings, LLC Sale Price: $1,350,000 110 Acres ($12,273/ac) Entity is believed to be related to SouthWestern Power Group (SWPG) SWPG is an independent developer of utility-scale generation and transmission assets SWPG originally had the SunZia Project
Eloy Land Sells for $2.1 Million
April 4, 2023 Seller: Multiple Buyer: Vista De Picacho LLC Sale Price: $2,120,000 106 Acres ($19,878/ac) Vista De Picacho business type is Real Estate and Rental and Leasing
NorthWest Land Sale
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
792 Acres of Solar
March 24, 2023 Seller: Pinal Land Holdings, LLC Buyer: Boulevard Associates, LLC Sale Price: $15,840,000 792 Acres ($20,000/ac) Believed that the end user is NextEra Energy
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
40 Acres next to Lucid Sells for $6.5 Million
* March 15, 2023 * Seller: Doug Keeling * Buyers: Ashland Group, Greenfield CP and Lake Worth Site Development * Sold for $6,500,000 * 40 acres ($162,500/ac), farmland * Land is currently in county but believed to be in the process of annexation * End use unknown, but at $3.73/sf for basically raw (unimproved) land, this […]
Verma Massive Land Purchase
* March 13, 2023 * Buyer: Anita Verma * Sold for $1,482,681 * 1,186 acres ($1,250/ac) * Possible Use: SOLAR? * Red Rock
New lithium-ion battery recycling plant planned for Pinal County
* The company announced that the new facility will be located in Casa Grande and is Ecobat’s third lithium-ion battery recycling facility. * bring 60 new jobs to the area. * Operations are expected to start in the third quarter of 2023. * Ecobat said it will repurpose lithium-ion batteries that are reaching the end […]
108ac S of CASA GRANDE
January 12, 2023 107.69ac @ SWC Peart & Earley Rds, Casa Grande $5,384.500 or $50,000/ac, $1,800,000 (33%) cash down payment Intent of buyer PEART & EARLEY SWC 107 LLC unknown
PROCTER & GAMBLE CHOOSES IPAZ IN COOLIDGE
January 11, 2023 427.46ac .25 miles E of SEC Hwy 87 & Arica Rd $53,432,500 ($125,000/ac) or $2.87/sf cash Buyer intends to build a consumer products plant on site
ELOY FREEWAY PARCEL CLOSES
January 3, 2023 SWC I-10 and Toltec Rd $2,200,000 or $2.85/sf cash California (and/or Texas?) buyer (JAVELINA DEVELOPMENT LLC) intent unknown, but at the price paid, seems like it should be for development Rumor is that this will be another Pilot Truck Stop
Nikola moving battery manufacturing from California to its Pinal County plant
Move will Transfer operations from Cypress, CA to Coolidge Objective is to bring truck assembly, fuel cell power module assembly, and battery module and pack production under one roof “Battery Center of Excellence” https://www.bizjournals.com/phoenix/news/2023/01/13/nikola-moving-battery-manufacturing-to-arizona.html?ana=emailafriend
LAND FOR NEW ORSTED SOLAR FARM AROUND 11 MILE CORNER CLOSES IN MASSIVE $36MM DEAL
January 8 (80ac) and January 9, 2023 (1,432ac and 80ac) Farmland and gin site generally around NEC and SWC 11 Mile Corner Rd and Hwy 287 80ac gin site (#1 in blue on map) closed for $2,835,000 or $35,052 (gross) per acre cash 1,432ac (#s 2 in red on map) closed for $31,507,960 or $22,000/ac cash 80ac […]
ANOTHER NEW APARTMENT SITE IN MARICOPA
January 5, 2023 S of SWC Porter Rd & Casa Grande – Maricopa Hwy 10.22ac $3,371,173 or $7.57/sf cash Buyer ROERS is intending to develop apartments on the site
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 […]
New industrial park proposed for Pinal County city of Eloy
50-acre site in Eloy Support the growing manufacturing base in Pinal County and companies like Lucid Motors, Nikola Corp., Kohler Co. and Procter & Gamble construction by the fourth quarter of 2023 Pinal County’s lower costs, workforce, housing and education options have continued to draw more companies to locate south of the Phoenix metro as […]
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
Industrial expected to drive Phoenix-area economic development announcements in 2023
Nice article recapping some of the larger projects announced in 2022 as well as some observations of what’s to come in 2023 and beyond. * Lucid Motor’s plans to build out it’s campus * TSMC * P&G https://www.bizjournals.com/phoenix/news/2022/12/21/phoenix-arizona-industrial-economic-development.html?ana=emailafriend
THINGS ARE GETTING PRICEY $$$
December 15, 2022 156.92ac @ SWC Arizona Farms and Felix Rds $15,692,000 or $100,000/ac or $2.30/sf cash Seller is Stacey Brimhall Buyer intent unknown, but at a price like that, some kind of development better be ready to happen
MINNESOTA DEVELOPER CLOSES ON CG LAND FOR APARTMENTS
December 8, 2022 10ac mol @ SEC Trekell & Kortsen Rds $3,050,000 or $7/sf cash Construction will begin immediately on AGAVE HOUSE apartments
BUILDING (RE)SELLS IN HOT CASA GRANDE WEST SIDE INDUSTRIAL PARK
December 2, 2022 55,000sf building on 9.55ac at 1474 n VIP Blvd $9,625,000 or $175/sf (building) Seller bought the property in August 2021 for $4,550,000 Buyer Ecobat already has a presence in Casa Grande via Quemetco metals company
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
LARGE LUXURY APARTMENT COMPLEX IN CASA GRANDE SELLS
November 30, 2022 TIERRA APARTMENTS @ 700 E Rodeo Rd, Casa Grande $40,000,000 cash Out of town seller, out of town buyer; “related party” box marked “no” but both have same address
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 […]
Here’s How Giant Semiconductor Plant Rising in North Phoenix Will Shape Arizona’s Economy
Outside metro Phoenix, a cluster of industry suppliers has grown in Pinal County. Plant expected to bring more than 2,000 jobs, and then some Semiconductors were invented in the U.S., and the domestic industry seeks to regain leadership in the production of the most advanced chips. “TSMC and their decision to come to Arizona is […]
Master-planned community with homes, apartments proposed for Pinal County
The site totals about 761 acres located in the northern part of the county at the southwest corner of Arizona Farms and Felix roads. Pinal County vote on project expected in December About 40 acres of the site would also be designated for commercial uses https://www.bizjournals.com/phoenix/news/2022/11/30/arizona-el-dorado-holdings-homes-pinal-county.html?ana=emailafriend
LARGE LAND SALE IN ELOY
November 23, 2022 601.13ac raw land (from Assessor records) generally south of Selma Hwy and west of 11 MIle Corner Rd $11,849400 or $19,712/ac cash Buyer is a solar energy farm developer NOTE: This APV is a total mess – various representations on P1 are not factual, but the associated deed was used for actual parcels […]
EVERGREEN SELLS PRIME ANTHEM MARKETPLACE LOT
November 22, 2022 2.9ac at Anthem Marketplace $775,000 or $6.14/sf cash Fully improved parcel (assumed) Seller is an entity of EVERGREEN, a very experienced and respected commercial developer Buyer intention unknown
TALK ABOUT “BACK O’BEYOND”! (VERMA STRIKES AGAIN)
November 21, 2022 480ac straddling Toltec Hwy, almost as far south as Pinal County goes – 5.5 miles south of Greene Reservoir Rd $2,376,000 or $4,950/ac cash CRAZY pricing! $5k/ac in an area where Verma has bought land recently (blue lines) for about $1k/ac?!!! Must be some other aspect of the deal as yet unreported
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
Procter & Gamble unveils plans for $500 million manufacturing facility in Arizona
2,700-acre Inland Port Arizona in Coolidge 2 Million square foot Facility Expected to operational by 2025 Expected to create 500 jobs in Coolidge
CHIP-MAKING JUGGERNAUT TSMC EYES MULTIBILLION-DOLLAR ARIZONA FACTORY EXPANSION
While this semiconductor plant is planned for north of Phoenix, it will sure have a big impact on the semiconductor chemical facilities coming into Pinal County. “TSMC’s new facility would manufacture so-called 3-nanometer transistors, some of the tiniest and most lightning-fast currently possible, the people said.” https://www.wsj.com/articles/chip-making-juggernaut-tsmc-eyes-multibillion-dollar-arizona-factory-expansion-11667973859
EMPIRE SOUTHWEST TO EXPAND THEIR ELOY CENTER?
November 11, 2022 10ac east of SEC Houser/Toltec Rds & I-10 $1,000,000 or $2.30/sf cash Buyer intention unknown but property is adjacent to Empire’s existing 117ac facility At the very least, this move is an expression of Empire’s satisfaction with its Eloy location
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 […]
SMALL DEVELOPMENT (?) PARCEL SOUTH OF ANTHEM MERRILL RANCH CLOSES
October 31, 2022 35.95ac @ NEC Attaway Rd & Hunt Hwy $3,170,359 or about $2/sf cash No information on what buyer Nolan larson plans to do with the property, but at $2 per square foot, it seems likely that development of some kind is planned
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 CORNER (LAND) CLOSES
October 26, 2022 8.88ac @ SWC Cottonwood & Peart, Casa Grande $1,025,000 OR $2.65/sf Parcel zoned B-2 (Business) Ohio-based Buyer’s intention for the site unknown; seems like a very good price for buyer – wonder if deal was made after interest rates started soaring?
INDUSTRIAL ACREAGE NEAR WALMART DC CLOSES
October14, 2022 Approx 67ac (estimate) north of Peters, west of Florence St $8,544,969 or approx $2.92/sf cash 3 Building Approved Project (1 building will be the manufacturing facility for SouthWark Metal Fabrication, the other 2 buildings will be industral Bluestem Commerce Center, Phase 1
SHOPE’S IGA COOLIDGE BUILDING SELLS
October 17, 2022 16,177sf building on 4.81ac $2,400,000 Tom Shope is just retiring Buyer Tee Jay Fuels intention unknown but may add fuel pumps
LAND FOR ANOTHER BUILD-TO-RENT COMMUNITY IN CASA GRANDE CLOSES
October 13, 2022 17.6785ac S of SWC Florence Blvd & Henness Rd $4,705,488 or $6.11/sf cash Buyer is entity related to CAVAN, a developer with other Build-to-Rent communities in Casa Grande
RENOVATED OLD CASA GRANDE DOWNTOWN BUILDING SELLS
October 7, 2022 3,713sf @ 117 N Sacaton St $350,000 cash or $94/sf cash Commercial Building sold in Casa Grande Downtown Downtown Revitalization TEASER: More Commercial Activity set to close near Downtown, more to come!!!
MONSTER LAND DEAL SOUTH OF COOLIDGE
October 11, 2022 Approx 1,137.73ac (PCA records) generally south of Martin Rd, west of Hwy 87 $22,200,000 or about $19,500/ac cash Buyer is entity of well-known land investors Cardon and Lesueur families Buyer intention unknown
Pinal County City Approves Rezoning for Proposed Medical and Innovation Campus
Pinal County City Approves Rezoning for Proposed Medical and Innovation Campus
Strong Economic Growth Ensures Arizona in 2023 to Have Nation’s Lowest Flat Tax
Strong Economic Growth Ensures Arizona in 2023 to Have Nation’s Lowest Flat Tax
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 […]
U-HAUL (AMERCO) BUYS 10ac IN MARICOPA AT EYE-POPPING PRICE
September 26, 2022 10.03 (PC Assessor) @ Honey Cutt Rd & Scarlett Dr $4,860,000 or about $11.24/sf cash
BRIMHALL UNLOADS 111ac COOLIDGE FARMLAND TRACT FOR SOLAR
September 22, 2022 111ac @ SWC Randolph & Fast Track Rds, generally east of Stinger Welding $1,955,796 or $17,620/ac cash Parcels fit into a larger tract already owned by buyer RANDOLPH SOLAR PARK LLC
MULTI-FAMILY DIRT IN MARICOPA CLOSES @ $7.50/sf
September 21, 2022 12.71ac adjacent to the south of GLENNWILDE, on Alan Stephens Pkwy $4,152,195 or $7.50/sf cash Buyer reportedly intends to build apartments
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
NAP LAWRENCE SELLS AGAIN: YET ANOTHER WESTSIDE CG INDUSTRIAL LAND DEAL
September 12, 2022 31.2667ac $2,613,600 or $1.92/sf cash Buyer is a Taiwanese semiconductor industry-related company
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
THINK ELOY IS STILL ASLEEP? CHECK OUT THIS LAND COMP
September 12, 2022 4.11ac @ NEC Main St & Alsdorf Rd $450,000 or $2.68/sf $150,000 cash down payment with seller carryback Parcel is zoned light industrial, but multi-family seems like a better use there Buyer intention unknown
MORE LAND ACTIVITY AROUND I-10 & I-8 INTERSECTION
September 9, 2022 65.47ac (3 parcels) @ SWC Sunland Gin & Arica Rds $2,850,000 or $1/sf cash No information on Ohio-based buyer’s plans
NAP LAWRENCE BUYS AGAIN
September 7, 2022 70ac on west edge of Lucid assemblage $2,310,000 or $33,000/ac cash Raw desert land, but adjacent to Lucid
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 […]
LOCAL CG LAND BROKER TEAMS UP WITH CG BUILDER TO BUY COMMERCIAL LAND
August 31, 2022 2.09ac behind Angry Crab restaurant $130,000 or $1.43/sf cash Buyer ARMAGH LLC is Kirk and Beth McCarville and Clint and Julie Shearer Buyer intention unknown
MORE GRIFFITHS INDUSTRIAL LAND SELLS
August 31, 2022 10.68ac @ SWC Sunland Gin and Hanna Rds $838,181 or $1.80/sf cash (same price as recent adjacent 40ac sale) Buyer DEMON PROPERTIES is same buyer as adjacent 40ac Buyer intentions unknown
ELOY INDUSTRIAL FACILITY SELLS
August 29, 2022 47,211sf building on 8ac @ 1330 W Battaglia Rd $5,500,000 or $116.50/sf cash Intention of Buyer HERITAGE BATTERY RECYCLING, LLC, an Indian Limited Liability Company unknown but presumably their intended use has to do with the recycling of batteries
LOCAL LAND BROKER BUYS CASA GRANDE INFILL PARCEL
August 26, 2022 .85ac @ SEC Palm Parke Ave & Kadota Ave $165,000 or $4.46/sf cash Current zoning is R-3 Buyer Kirk McCarville’s intention unknown
HARLYN GRIFFITHS FINALLY SELLS INDUSTRIAL LAND
August 25, 2022 39.92ac (4 parcels) $3,130,047 or $1.80/sf cash Buyer intentions unknown
Where Do We Go Next? New Frontiers Emerge in Phoenix’s Tight Industrial Market
Where Do We Go Next? New Frontiers Emerge in Phoenix’s Tight Industrial Market
Lucid factory set to expand three-fold following $113.5M county investment
Lucid factory set to expand three-fold following $113.5M county investment
OLD CG WHATABURGER SITE SELLS
August 19, 2022 Old fast-food restaurant building of unknown size on .48ac at 405 e Florence Blvd,, Casa Grande $800,000 cash Buyer intention unknown
LOCAL INVESTOR SELLS BUILDING @ SWC FLORENCE BLVD & COLORADO ST
August 17, 2922 Office Building at 1295 E. Florence Blvd. $1,071,000 or $232sf Seller is Cindy Sutton, not sure of buyer’s intentions on the use of Building
33ac RESIDENTIAL LAND
August 17, 2922 33.37ac @ NEC Peart rd & Frontier St $2,000,000 or $1.38/sf cash Buyer intention unknown but intended use is probably single family residential
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 […]
BARNES BUYS ANOTHER 311ac IN HOT AREA SOUTH OF CG
August 11, 2022 311ac at NEC Trekell Rd & Selma Hwy $9,397,740 or $30,218/ac cash Sellers are Trekell Family
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
ENTIRE SECTION NEAR NIKOLA CHANGES HANDS
August 2, 2022 656,84ac $8,210,500 or $12,500/ac cash Parcel has 1 mile frontage on Hwy 87, and appears to be all farmland Buyer is intending to farm the property
UNIMPROVED LAND PARCEL REZONED FOR APRTMENTS SELLS
August 1, 2022 8.39ac SW of SWC Trekell and Rodeo Rds $525,000 or $1.44/sf cash An interesting sale for a piece with little existing infrastructure that current seller bought 3 years ago for $150,000
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 […]
MINI-STORAGE PARCEL IN MARICOPA’S ESTRELLA GIN BUSINESS PARK SELLS
July 22, 2022 8.73ac $1,381,629 or $3.63/sf cash Availability/location of infrastructure unknown, but seems like a pretty good price for Buyer
VERMALAND BUYS MORE SOUTH ELOY ACREAGE
July 20, 2022 240ac (red outline) $249,000 or $1,037.50/ac cash Adds to the 160ac bought previously this year for $1,000/ac (blue outline)
WESTSIDE CG SPEC LAND IS STARTING TO MOVE
July 15, 2022 80ac $680,000 or $8,500/ac cash Buyer intention unknown
COULD THE OLD MIMI’S LOCATION AT THE CASA GRANDE PROMENADE BE A NEW BARRO’S PIZZA?
July 15, 2022 7,576sf on 1.45ac $1,680,000 or $222/sf for a fully equipped restaurant on a prime lot Buyer B&B PIZZA CASA GRANDE LLC include two principals with last name “Barro” Could this be the site of a Barro’s pizza expansion in Casa Grande?!
“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 […]
SEMICONDUCTOR CHEMICAL COMPANY ACQUIRES 50ac ON CG’S WEST SIDE, NEXT TO CAZCP
July 13, 2022 26.22ac and 24ac mol in two separate deals $3,695,664 (combined purchase price) or about $1.70/sf cash Price looks cheap, but parcel is fairly devoid of infrastructure Buyer KPPC Advanced Chemicals Inc is a supplier to the burgeoning semiconductor industry in and around Casa Grande
LAFFERTY BUYS WESTSIDE CG 2.5ac IN THE “O” ZONE FOR WORKFORCE HOUSING
July 7, 2022 2.49ac, zoned for 54 units $604,800 or $5.58/sf or $11,200 per permitted unit
SOLVAY CHEMICALS BOUGHT TWO LOTS
July 6, 2022 additional 8,95ac (adjacent to original 16,.56ac buy) $1,657,083.50 or $4.25/sf cash
THE MAP’S GETTING AWFUL CROWDED
July 6, 2022 16.56ac $3,065,950 or $4.25/sf cash Buyer is Solvay Chemicals Inc, based in Houston
JUST WHAT CASA GRANDE NEEDS: ANOTHER CAR WASH!
July 5, 2022 1.05ac, south of Auto Zone on N Pinal $750,000 or $16.40/sf cash “Developer” of parcel is listed as SUPER STAR CAR WASH
SOUTHWARK METAL MANUFACTURING COMPANY BUYS IN CG
June 24, 2022 96.85ac $1,893,773 or 45¢/sf cash looks like a steal! Buyer SOUTHWARK METALS looks like a user but intention unknown
CONTROVERSIAL SPANISH TRAILS WEST AGE-RESTRICTED MH DEVELOPMENT SELLS
June 22, 2022 42.38ac $20,590,239 Seller is developer of park This is the manufactured home rental development that was approved based on 55+ age restriction, and is now seeking a lowering of that age minimum, which is being hotly contested.
CARDON (?) ET AL SELL 19.3ac IN MARICOPA FOR BIG MONEY
June 20, 2022 19.3ac $8,046,500 or $416,912/ac or $9.57/sf cash Buyer intention unknown, but by the name (HONEYCUTT LUXURY RENTALS LLC) it would seem to be a multifamily community – maybe SF build to rent? If so, ten bucks is a lotta dough for dirt in Tortosa
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 […]
50ac IN HOT CHAPARRAL ESTATES AREA
June 16, 2022 50.2ac $1,757,000 or $35,000/ac Seller principals are Brian Rhodes and Jacob Roberts Buyer intention unknown
…AND OSTERKAMP BUYS ANOTHER 21ac IN ELOY
June 16, 2022 21ac $2,012,472 or $2.20/sf cash Second purchase in WALTON’S ELOY industrial area
BIG USER LAND BUY NEXT TO NATIONAL GYPSUM IN ELOY
June 16, 2022 71.11ac $6,994,553 or $2.25/sf cash Seller various WALTON entities Buyer OSTERKAMP ONTARIO DISTRIBUTION LLC
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 […]
KEELING BUYS MORE S CASA GRANDE FARMLAND
June 6, 2022 80ac + 37ac = 117ac, all farmland $4,095,000 or $35,000/ac cash A few more parcels to Keeling ownership, bought with his recent Kohler and Chang Chun land sale money
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
20ac IN CASA GRANDE BUSINESS PARK III
Looks like another land sale for a user. May 20, 2022 20.22ac (4 lots) $2,613,600 or $2.97/sf Buyer intention unknown
THE LUCID LAND TRAIN KEEPS ROLLING …
… and this time Verma’s not involved OMG. May 19, 2022 160ac $14,400,000 or $2.07/sf Seller is Nap Lawrence entity
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 […]
YOUNT ADDS TO HOLDINGS IN CASA GRANDE
An entity related to Larry Yount added a parcel to its existing holdings southwest of downtown Casa Grande. May 16, 2022 11.27ac $945,000 or $1.92/sf cash
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 […]
BIG MARICOPA (STONEGATE) COMMERCIAL PARCEL CLOSE
May 12, 2022 19.824ac $5,000,000 or $5.79/sf cash Infrastructure unknown Buyer intention unknown
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
IT’S CALLED A DOUBLE ESCROW, and DOUG KEELING …
… 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 […]
3.95ac at CASA GRANDE AIRPORT INDUSTRIAL PARK
Improved industrial parcels are getting scare … this is the fourth parcel in this area to transact in the last year or so, and $1.89/sf strikes us as a STEAL April 29, 2022 3.95ac ALL utilities to site $325,000 or $1.89/sf Buyer intentions 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 […]
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
WE GOT A CHUCKLE OUT OF THIS
Often deep, profound Truths are lying by the side of the road unnoticed by most, but available to he who knows where to look for them
SMALL AZ CITY MULTI-FAMILY LOT ASSEMBLAGE GETS ALMOST $2/sf
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
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 […]
LOOKS KINDA CHEAP, LIKE SOMEBODY GOT A GREAT DEAL
Maybe there’s some unknown reason this 36ac sold so cheap … April 6, 2022 35.55ac $111,472 or $3,136/ac cash Buyer intent unknown
147ac WEST SIDE CASA GRANDE
Likely to be industrial one day: April 2, 2022 146.72ac (2 parcels, Pinal County Assessor records) Part farm land Partially in FEMA flood zone $3,004,289 or $20,476/ac cash Buyer intention unknown
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 […]
51ac @ HARD LUCID CORNER (SWC THORNTON & PETERS)
March 31, 2022 51.69ac (County Assessor) $7,181,910 or $139,000/ac or $3.19/sf Buyer VERMA LAND discusses the purchase here (subscription model)
$100k FOR TRACT HOME LOTS IN COOLIDGE? YUP
March 25, 2022 69 lots at CROSS CREEK RANCH $6,955,200 or $100,800 per lot Buyer RICHMOND AMERICAN Level of improvement of lots unknown, but they better be fully improved (or close to it) for that price We are in awe of Kevin Petersen (Seller)
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!
**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 […]
THOUGHT LAS MONTANAS LOTS WERE HIGH AT $100,000+ ?
How about Woodruff Hts Estates? This down-on-its-heels subdivision just did exactly that (hit $100,000 for a lot) .
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?!
Small city (CASA GRANDE) near Valley attracting more semiconductor suppliers to the region
Companies from around the world have continued eyeing a growing industrial area in a small city located south of the Phoenix metro as land continues filling up across the Valley. Keep reading at (subscription needed)