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
* 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...
* March 13, 2023 * Buyer: Anita Verma * Sold for $1,482,681 * 1,186 acres ($1,250/ac) * Possible Use: SOLAR? * Red Rock
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
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
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
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)...
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
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...
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
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
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
December 8, 2022 10ac mol @ SEC Trekell & Kortsen Rds $3,050,000 or $7/sf cash Construction will begin immediately on AGAVE HOUSE apartments
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
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
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
… 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...
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...
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...
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
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...
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...
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
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
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
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
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)
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...
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?
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
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
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
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!!!
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
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...
September 26, 2022 10.03 (PC Assessor) @ Honey Cutt Rd & Scarlett Dr $4,860,000 or about $11.24/sf cash
September 22, 2022 49,904sf (building) on 9.57ac @ 1000 N Jefferson St, Casa Grande $4,500,000 or $90/sf cash No information on Buyer intention for the property
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
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
September 15, 2022 155.79ac @ NEC Peters & Midway Rds $1,480,005 or $9,500/ac cash Buyer intention unknown
September 12, 2022 31.2667ac $2,613,600 or $1.92/sf cash Buyer is a Taiwanese semiconductor industry-related company
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...
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
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
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
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,...
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
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
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
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
Lucid factory set to expand three-fold following $113.5M county investment
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
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
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
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...
August 11, 2022 311ac at NEC Trekell Rd & Selma Hwy $9,397,740 or $30,218/ac cash Sellers are Trekell Family
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
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
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
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
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...
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
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)
3 parcels totaling 211.5ac m.o.l. Bought June 16, 2022 for $2,538,144 or $12,000/ac with seller carryback Sold July 18, 2022 for $6,768,384 or $32,000/ac cash Gross profit of $4,230,240 Buyer intention unknown
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?!
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: ...
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
July 6, 2022 additional 8,95ac (adjacent to original 16,.56ac buy) $1,657,083.50 or $4.25/sf cash
July 6, 2022 16.56ac $3,065,950 or $4.25/sf cash Buyer is Solvay Chemicals Inc, based in Houston
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
June 30, 2022 14.43ac 284 planned units $6,900,000 or $11/sf cash Project was approved and then delayed almost 2 years ago
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
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.
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
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...
June 16, 2022 50.2ac $1,757,000 or $35,000/ac Seller principals are Brian Rhodes and Jacob Roberts Buyer intention unknown
June 16, 2022 21ac $2,012,472 or $2.20/sf cash Second purchase in WALTON’S ELOY industrial area
June 16, 2022 71.11ac $6,994,553 or $2.25/sf cash Seller various WALTON entities Buyer OSTERKAMP ONTARIO DISTRIBUTION LLC
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...
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
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
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
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
… and this time Verma’s not involved OMG. May 19, 2022 160ac $14,400,000 or $2.07/sf Seller is Nap Lawrence entity
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...
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
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...
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)...
May 12, 2022 19.824ac $5,000,000 or $5.79/sf cash Infrastructure unknown Buyer intention unknown
… 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...
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...
![PICKIN' UP THE [Tierra Grande] PIECES](https://roxcommercial.com/wp-content/uploads/2022/05/Pickin-Up-Map.png)
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...
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...
… 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...
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
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...
… 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...
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
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?
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...
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...
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
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...
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...
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...
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...
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
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...
Actually, just across the Greene Reservoir Wash from some very attractive listings ROX COMMERCIAL has … check them out at roxcommercial.com April 2, 2022 156ac (PCA records) $160,000 or $1,026/ac cash
Following their purchase of the lot next door, they also closed on 1876 E Sabin Dr, Suite C-2: April 2, 2022 6,212sf (PCA records), built in 2007 $1,500,000 or $241/sf cash Adjacent to 1.89ac lot buy (previous post)
The Tohono O’Odham tribe seems to be moving into medical property in the CG MEDICAL CAMPUS with this lot purchase: April 2, 2022 1.89ac $850,000 or $10.32/sf cash Intent unknown but they also bought the building next door (see next post)
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...
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
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… … 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?
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 …...
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)
LENNAR BUYS MORE LAND FROM ANDERSON-PALMISANO FARMS IN MARICOPA March 29, 2022 28ac mol Undeveloped farmland $1,116,072 or $39,860/ac cash
The City of Casa Grande has been promising (for a long time) an easy-to=-access website showing all of the pending projects in town. Well, now it’s here! Check it out – click here What’s Going Up in Casa Grande
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)
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
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
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!
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...
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...
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...
This is that rare parcel on Pinal Ave with everything: easy access, utilities, traffic counts, zoning, development and population all around it – location, location, location. Use your imagination for what you could do with it: fast food on the corner? Office? More mini storage? Apartments? Very knowledgeable and...
March 9, 2022 $3,000,000 or $120,000 per lot Problem is, with the AOPV the way it is written, “Seller Carryback” is checked, but the down payment shows the same amount ($3,000,000) as the purchase price A certain Title Co in town with a longtime relationship with this buyer prepared...
What an opportunity to develop new housing for the city city’s burgeoning work force! This parcel site in an Opportunity Zone on the “industrialindustrial” side of town, within easy driving distance of thousands of new employees. With all utilities at or near the property, sandwiched between two city streets...
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....
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
Mar 8, 2022 142.143 NET ac farmland $2,913,932 or $20,500/ac Seller SCR LLC involves Bryan Hartman Buyer Georgetown HoldingS
The future (to be developed) home of Caliber Collision, a lot behind Circle K and Firestone on Casa Grande’s Florence Blvd just closed. 2-28-2022 2.58ac Zero frontage on Florence Blvd; only access to/from $725,000 or $6.67/sf
… $4.63/sf. Prices are getting crazy everywhere, so this result should not come as any surprise. 5 years ago this was a complete nothing piece, though, and I still am. Surprised. Pleasantly surprised. Because I am not a buyer today. 2.727ac 2-28-2022 $550,000 ($4.63/sf) Buyer intention unknown
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....
How about Woodruff Hts Estates? This down-on-its-heels subdivision just did exactly that (hit $100,000 for a lot) .
… 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?!
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)
… 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
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
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...
feb 17, 2022 In front of Tractor Supply, LA Fitness 1.26ac $487,500 ($8.90/sf) Seller Vernon Barnes, local farmer/investor Buyer plans unknown
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...
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...
Total of 60ac closed in 2 deals: Both deals closed Feb 15, 2022 Vernon Barnes et ux, seller iin both deals 20ac $1,524,600 or $76,230/ac or $1.75/sf 40ac $2,600,000 or $65,000/ac or $1.50/sf
Feb 10, 2022 1,000ac (total LKY (Yount) holdings were 1,550ac but strips along Val Vista and Burris were retained $20,000,000 TERMS ($7,500,000 cash down payment SELLER: LKY ownership entity (Larry Yount, Principal) BUYER CACTUS 110 LLC, a land acquisition entity for the old ASARCO Sacaton mine being re-opened next...
This one is medium-attractiveness, and closed @ $102,5,000 There are some recent closings inthe high $90k’s, and some closer to $110k
Feb 10, 2022 11.13ac around new Circle K site in Eloy (SWC 11 Mile Corner / Houser Rds) $445,360 or $40,000/ac or 92 cents/sf Magenta on map is 2.9ac Circle K site Buyer intent unknown
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
Originally posted Feb 11, 2022 on City of Maricopa E News his Innovative New Housing Development is Coming to Maricopa Next Year FlatZ 520 promises to bring their unique architecture and design...
Closed Feb 7, 2022 1ac $350,000 or $7.30/sf CASH Chad Russell of Arizona Land Advisors is a principal of buyer Buyer intentions unknown
Feb 3, 2022 $1,800,000/8,360sf = $215/sf; less than replacement cost, but probably needs $100/sf of renos? Buyer is entity of doctors; intent unknown
3 parcels, includinig 1 farm structure (house?) $14,500,000 $53,500/ac or $1.23/sf Same buyer as 2022-013887; Intent unknown
Maricopa City Manager Rick Horst has confirmed that a major retail development is coming to the area at the southeast end of the overpass – soon. Horst said a developer is in place and “dozens” of shops and retailers have signed letters of intent, with other joining the center...
January 28, 2022 7.58ac SEC Cottonwood Lane / Schultz St $1,200,000 or $3.63/sf Buyers are longtime, very successful SE Valley investors (VIEL GLUCK LLC) Property is zoned multi-family and at that price it would be a great buy for that, but … Rumor on the street is that buyer...
2.84ac NEC Jimmie Kerr & Earley. Wonder if buyer (Bear River Storage Consulting) is planning self-storage there Zoning is B-4; wonder if there is any pre-app action going on to change Buyer intent unknown
Vernon Barnes et ux to Jing He Science (another semiconductor chemical company) 20.18ac SWC Peters & Burris, adjacent to Tractor Supply for $1,628,795 ($1.85/sf)
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...
January 11, 2022 Sanders Achen sold 9.13 @ NWC Pinal & Rodeo for $1,400,000 or $3.50/sf to “COYOTE RANCH STORAGE LLC” Property is NOT zoned for mini-storage but the Buyer’s name seems to imply that is their intent IF they do that there, that will turn out to be...
REE, a Minnesota-based development firm, closed the purchase of 13ac from an entity controlled by El Dorado Holdings, for 7$/sf on December 15, 2021.
$19,000/ac?! WOW!
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...
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:...
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...
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 –...
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...
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,...
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...
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...
Real Estate Daily News says that Sun Corridor, Inc. (formerly TREO) in its April Prospect Overview is reporting strong activity in prospects for all types of business. Read more here
DATE: April 14, 2016 AOPV: 2016-022487 SELLER: IMH SPECIAL ASSET NT 194, LLC (Scottsdale, AZ) BUYER: BIG SLICK HOLDINGS LLC, Werner Family Tr (Scottsdale, AZ) BROKERS: unknown APN: 505-16-008-D ADDRESS: SWC Cottonwood Ln and Peart Rd, Casa Grande SIZE: 8.88ac (Pinal County Assessor) PRICE: $650,000 ($1.68/sf) cash COMMENTS: Unbelievable (low)...
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...
DATE: February 8, 2016 AOPV: 2016-007542 SELLER: OLDCASTLE APG WEST INC (Phoenix, AZ) BUYER: APPLEGATE REAL ESTATE LLC (Michigan) BROKERS: unknown APN: 503-56-017-b ADDRESS: 17678 W Plam Ave, Casa Grande AZ 85122 (SWC Pinal Ave / Palm Ave) SIZE: Land: 20ac mol; Building(s): unknown PRICE: $800,000...
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:...
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”...
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...
Economic development in Pinal County is on the rise, according to Pinal County Economic Development Manager Tim Kanavel. “We’ve increased quite a bit,” Mr. Kanavel said during a phone interview, “especially with large projects. Remember when Tesla was looking everywhere, including Coolidge? Suddenly Pinal County is on the map.”...
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....
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...
Here we go again. The bankruptcy of Sports Authority has been looming since January, when the company disclosed that it had missed a $20 million debt payment. The store closings will take place over the next three months. Check out the full story at Real Estate Daily News
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)...
So we stopped negotiating late last year with Dollar General on our I-10 and Toltec Rd site after they wanted too many restrictions on the rest of our site. Now we understand that they are in escrow on part of the Walton Intl frontage on Toltec just north of...
AZ BEX reports that Quail Run Building Materials, Inc., a leading Southwest manufacturer of steel framing and building accessory materials, will construct a 40KSF facility on eight acres at the Santa Cruz Commerce Center near Maricopa. Read the full story
The Sun Corridor Metropolitan Planning Organization will be holding a Public Hearing on March 8, 2016 to review to following: DRAFT FY 2016-2025 SUN CORRIDOR MPO TRANSPORTATION IMPROVEMENT PROGRAM DRAFT REGIONAL TRANSPORTATION PLAN 2040 DRAFT 2016 CONFORMITY ANALYSIS
Check out the full story on the Casa Grande Rec Center approval rocess at CG News website (haroldkitching.com)
DS News says that Economic Uncertainty Is Not Dampening Housing for 2016, So Far. Click here to read the whole story!
The long-awaited report on the public input process for the Multi-generational Recreation Center has finally been released! Click here to download the pdf
The Rose Law Group Reporter says “Lower Pinal County impact fees expected to drive development”. Click here to read the whole story!
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...
November 10, 2014
“Look not at the monthly starts, look at what is under construction!”
Let’s start with DR Horton’s least-attractive site Desert Sky, on the west side of town.
SURPRISE!!!!! 9 starts currently under construction. Don’t know if they are sold or not.
Now look at Cottonwood Ranch:
Apparently they are building a new model complex on the northernmost lots, across from an elementary school.
And here is Tamaron, probably the most upscale of the three subdivisions:
Over at Meritage’s Mission Royale, they are apparently going nuts:
One would hope they are starting a product to compete with Robson Ranch’s Lock and Leave.
Finally! Tractor Supply broke ground yesterday on its new 600,000+sf distribution center.
Check out the story and video at the city website here .
Here is a map showing the location in Central AZ Commerce Park:
Access full flyer here 5ac Casa Grande Multi-family
Or contact Rock for more info @ 520-421-9000 or rock@cbrox.com
NEW LISTING: Investment parcel in the foothills southwest of Stanfield. Access full flyer: 60AC SW OF STANFIELD Call Keith at 520-560-3787 for more info
Coolidge recently made some big changes to their General Plan; check it out here. Check out what Rose Law Group Reporter said about it here.
Rose Law Group Reporter recently posted an authoritative update on the (lack of) progress on the proposed Union Pacific switchyard near Red Rock, Arizona. Read their article here.
Does Arizona’s Sun Corridor a Megapolitan make? Check out what Real Estate Daily News has to say here, or check out the original, underlying post on Arizona Builder’s Exchange here. I don’t know about you, but I am sitting here (for about thirty years now) counting my chickens before...
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...
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...
