Land for a Proposed 574-unit Apartment Complex in Maricopa Sells!

August 24, 2023 Seller: Shaun Ridge LLC Buyer: DBG Properties LLC Sale Price: $11,860,582 20.17 Acres ($13.50/sf) This would be Maricopa’s Largest Apartment Complex Part of the Maricopa Station area- this would fulfill the residential portion https://www.inmaricopa.com/pz-gives-thumbs-up-to-plans-for-citys-largest-apartment-complex/ Land for a Proposed 574-unit Apartment Complex in Maricopa Sells!

Rousseau Farming Company Sale in Eloy

July 28, 2023 Seller: Rousseau Limited Liability Company Buyer: Lateral 20, LLC c/o Will Rousseau Sale Price: $3,500,000 Box Checked “NO” on 3 (b) are the buyer and seller related.  It is believed that they are related Possibly just a Entity Name Change or to establish a Valuation

1,773 Acres Sold as Part of a Master-Planned Community

June 2, 2023 Seller: Tousa Recovery Acquisition, LLC Buyer: Arizona RR Ranches, LLC Sale Price: $44,650,000 1,773 Acres ($25,183/ac) Developer already owns more than 7,000 acres between Casa Grande and Maricopa “This will be the next hot spot” https://www.bizjournals.com/phoenix/news/2023/06/15/john-wayne-red-river-ranch-community-maricopa.html?fbclid=IwAR2FptdT7QURsilUMK0LWWizOfdoElqwklPDMnwa_K4UP9cXvSqMxGSCDp4

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...

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

New lithium-ion battery recycling plant planned for Pinal County

Link 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 of their life through diagnostics, sorting, shredding and material separation to produce a “concentrated black mass containing the valuable materials in lithium-ion batteries.”

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

Link 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

Nikola moving battery manufacturing from California to its Pinal County plant
Nikola moving battery manufacturing from California to its Pinal County plant
Nikola moving battery manufacturing from California to its Pinal County plant
Nikola moving battery manufacturing from California to its Pinal County plant

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...

New industrial park proposed for Pinal County city of Eloy

Link 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 an affordable alternative

    New industrial park proposed for Pinal County city of Eloy
    New industrial park proposed for Pinal County city of Eloy

https://www.bizjournals.com/phoenix/news/2022/12/28/new-industrial-park-proposed-for-pinal-county.html?ana=emailafriend

Master-planned community with homes, apartments proposed for Pinal County

Link 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

 

 

Master-planned community with homes, apartments proposed for Pinal County
Master-planned community with homes, apartments proposed for Pinal County

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...

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...

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

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

Link 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 the Board of Adjustment to establish mineral exploration drilling activities as a temporary use.
  • Originally posted on Casa Grande Local Government & Economic Improvement Discussion FB by John McGuire

 

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

 

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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

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...

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...

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...

LARGE FARM SALE NEAR NIKOLA

Kind interesting – a fairly large farm in a far corner of the county, near Nikola and also Eloy.  Probably just farm, but seems like a good price based on other recent farms sales, and also where it is. Anyone agree?  Disagree? March 6, 2022 929.46ac (APV) $8,227,694 or...

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...

OMG DID I READ THAT RIGHT?!

    OMG DID I READ THAT RIGHT?! $110k??  For a MTN VIEW ESTS lot??  Just about a year ago most all of the remaining lots sold for in the $40k’s April 2, 2022 1.04ac $110,000 $60k cash down payment with seller carryback explains part of that price Nevertheless, a...

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 …...

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...

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...

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....

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...

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...