IS IT A BIRD OR A PLANE?

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

LOCAL MOTORSPORTS DEALER BUYS MORE LOTS

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

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

LUCID CLOSES ADDITIONAL ACREAGE

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

IN-TOWN CORNER SELLS

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

EVA’S (THE BUILDING) SELLS!!

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

WADE JURNEY HOMES BUYS 44 MORE LOTS

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

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

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

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 […]

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 […]

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 is TOLL BROS AZ CONSTRUCTION These […]

AIN’T IT A STEAL @ $25/sf?

With a corner 1.25ac parcel in off the freeway, further west in Casa Grande closing for $28/sf for a car wash, doesn’t this 1.63ac in front of the old Sam’s Club – soon to be a multiple car dealer park – one look like a pretty good price? This is the heading Lorem ipsum dolor […]

ACTIVITY IN INDIAN VALLEY RANCHETTES LOTS INTENSIFIES

Third parcel of the year records in area of northwest Casa Grande foothills near GRANDE VALLEY and COPPER MOUNTAIN RANCH. We (ROX COMMERCIAL principals) are owners of many parcels in the area, and expect that prices will pass $10,000/ac, reaching $15-20,000/ac as soon as COPPER MOUNTAIN development gets unstuck. 2-28-2022 $82,000 CASH ($8,632/AC) Buyer intent […]

SEEMS LIKE $2/sf IS THE NEW NORM FOR …

… Industrial dirt.  Here’s a new parcel on the market near I-8 and I-10 intersection, adjacent to south to 3 parcels that recently sold to Identico for an average of $1.65/sf 47.31ac ASKING $4,250,000 or $89,833/ac or $2.06/sf    

I-8 & I-10 INDUSTRIAL LAND SALE TO USER?

In a series of transactions starting Feb 11. 2022, three adjacent parcels transacted to same buyer for a GRAND TOTAL of 18.34ac, 1,321,000sf, AVERAGE $1.65/sf 016732:  5.68ac, $355,000, $1.43/sf 016739:  3.63ac + 3.44ac = 7.07ac, $424,200, $1.38/sf’ 016773:  9.03ac, $541,800, $1.38/sf Buyer is Richard Grubenhoff with Indentico Print Services Buyer intention unknown

VIEL GLUCK AND BEN FATTO ARE AT IT AGAIN

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 Saint solar farm Partial interest (5.7%) transferred […]

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 the corner Between Eloy Muni Airport […]

INVESTOR MAKES $26,000,000 IN MARICOPA

In 2006 JNAN LLC sold RANCHO MIRAGE (Section 29, 640ac)  to SHEA HOMES for about $35,000,000 (actual price undisclosed) On Jan 5, 2006 – after the crash – JNAN bought back the unbuilt portion (about half – approx 300ac) in 2008 for $4,050,000 On February 2, 2022 JNAN LLC sold what was left of RANCHO MIRAGE […]

180ac SWC STOREY/COTTONWOOD & HACIENDA

January 14, 2022 Closed at $32,000/ac or 73¢ /sf Buyer intent unknown We think that’s a nice piece – south side of Cottonwood/Storey , east of Freeway, north of the Promenade – at a nice price. All it needs is water … and sewer … and zoning … and a freeway interchange …

AZ SKYDIVING sells Eloy 40ac

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 is kinda (spectacularly) high;  might have […]

LOCAL FARMER BUYS NICE 160ac FARM

DATE: March 16, 2016 AOPV: 2016-015490 SELLER:  CG-5 LOAN, LLC / Rader Family Trust by Katalin Rader and Garry Samuels (Pleasanton, CA) BUYER:   KEELING FAMILY PARTNERSHIP (Casa Grande, AZ) BROKERS:  unknown APN:  511-24-003 ADDRESS:  S/E/C Selma Hwy & Chui Chu Rd SIZE:  160ac MOL PRICE:  $1,440,000 cash COMMENTS:  Wow – nice piece but pretty spendy.   […]

S Casa Grande MHP Sells

Lotsa MHP sale action recently … wonder why. DATE: March 16, 2016 AOPV: 2016-015435 SELLER:  Diersbock, TTEE (MIssion Viejo, CA) BUYER:   LAS CASITAS CG (San Juan Capistrabo, CA) BROKERS:  unknown APN:  511-26-003-D, -013 ADDRESS:  Chui Chu Rd N of I-8 SIZE:  35ac, unknown # of spaces or park-owned units PRICE:  $1,850,000 cash       […]

Big Little Land Deal

Is a $20,000 dirt deal worthy of making headlines?  This piece, in this market is, yes.  A mere 2ac parcel in a god-forsaken part of the world just sold for $20,000 – or $10,000/ac.  YES – it was a seller carry, and YES it had power and probably water, and YES it is a corner. […]

Another True “Spec” Piece in Eloy

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 got into the teens, twenties and […]

PRIME CASA GRANDE RETAIL CORNER CLOSES **CHEAP**

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) price for this prime corner, one […]

A True, Large Investment Parcel Sells?! OMG

    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 PRICE:  $1,081,653 ($1,690/ac) cash (total) COMMENTS:  Finally, […]

Former Roof Tile Plant near Tractor Supply (CAZCP)

    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 cash COMMENTS:  Feels like lotsa good […]

Great Little Commercial Lot in County Island

    DATE: February 8, 2016 AOPV:  2016-007542 SELLER:  Willam E Cox et ux et al (Goodyear, AZ) BUYER:   Douglas J Karolak  (Casa Grande, AZ ) BROKERS:  AZ New Horizon Realty APN:  504-25-085 ADDRESS:  17678 W Plam Ave, Casa Grande AZ 85122 (SWC Pinal Ave / Palm Ave) SIZE:  7,500sf (per broker/listing) PRICE:  $53,000 / […]

“SPEC” 27ac W SIDE CASA GRANDE

DATE: March 31, 2016 AOPV: 2016-019262 SELLER: BRISINGER FUND 1, LLC (Salt Lake City, UT) BUYER:  Natalie Markevicius (Clermont, FL) BROKERS:  unknown APN:  503-55-005-C ADDRESS:  W side of Bianco Rd S of Peters Rd SIZE:  26.67ac MOL PRICE:  $98,900 ($20,353 cash dp, seller carry) COMMENTS:  Nice to see truly “spec” land coming back – at any […]

Fast Food Stores Sell to Idaho Investor

    DATE:  January 27, 2016 AOPV:  2016-005187 SELLER:  TCBT, LLC (Mesa, AZ) BUYER:   FLORENCE CASA GRANDE AZ PROPERTY LLC  (Idaho Falls, ID) BROKERS:  unknown APN:  505-23-001-B, -001-H ADDRESS:  2234 E Florence Blvd, Casa Grande AZ 85122 (Dairy Queen/Shell) SIZE:  n/a PRICE:  $662,049 (cash) COMMENTS:  Also see 2016-005197 for purchase by same buyer of the […]

Interest from big manufacturers fuel economic growth in San Tan Valley, Pinal County

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.” Continue reading article at 

Casa Grande Industrial Rezonings

        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. Two of the land parcels were […]

Casa Grande RV Park Owners Buy More Land For Expansion

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 carryback COMMENTS:  The extended McGavin family […]

Circle-K Buys Florence Blvd Corner

DATE:  October 28, 2015 AOPV:  2015-070135 SELLER: CML-AZ CORNERSTONE LLC (c/o RIALTO CAPITAL MGMT, Tempe AZ) BUYER:  CIRCLE K STORES INC (Tempe, AZ) BROKERS:  N/A APN:  505-30-001-N ADDRESS: SEC Florence Blvd / Pottebaum Ave, Casa Grande AZ 85122 SIZE:  82,162sf MOL (legal description) PRICE:  $1,047,565 cash ($12.75/sf) COMMENTS:  Circle K musta found some cheap financing […]

“Blockbuster” CG Planning Agenda

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

Sun Corridor? Bring it.

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 they’re hatched.  

Another Seniors Deal

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

10ac NW Casa Grande Foothills

NEW LISTING: Investment parcel in the foothills northwest of Casa Grande. Wedged between the incredibly beautiful COPPER MOUNTAIN RANCH master planed community, GRANDE VALLEY, the Gila River Indian Community and the Ak-chin Regional Airport (just to the west), land in this area has nowhere to go but up!  Access full flyer here.

I10/Florence Valero Zoning Activity

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