November 8, 2023 Seller: Villas De Sonora Senior Housing LP Buyer: Villas De Sonora LLC Sale Price: $1,075,000 3.69ac 36 Rental Units 507 W. Alsdorf Rd., Eloy Affordable Senior Living Community
Eloy
Approx. 1,000 Acres sell off of Greene Reservoir Rd. in Eloy
October 5, 2023 Seller: Mark W. Dobson Buyer: V7 Picacho Farms, LLC Sale Price: $5,520,000 988.64ac ($5,583/ac) Entity Name Change?
350 Acres in Eloy sells for $2 Million
September 1, 2023 Seller: RDH Sawtooth Farm, LLC Buyer: Shanley Works, LLC Sale Price: $2,000,000 348.89ac ($5,732/ac) It is believed that the buyer owns a Transport Company
Freepoint Eco-Systems purchases a combined 44ac in Eloy for $4.4 Million
August 25, 2023 Seller 1: Jerry Ivy Separate Property Revocable Trust (APV 2023-063057) Seller 2: Eloy Rail 26, LLC and KPHV, LLC (APV 2023-063058) Combined Sale Price: $4,395,260 Combined 43.95ac ($2.30/sf) Freepoint’s Solution: A system that diverts plastic waste from landfills, oceans and incinerators, supporting a circular pathway for reuse
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
Barnes sells 8.2 Acres of Vacant Land in Eloy
June 20, 2023 Seller: Vernon and Donnie Barnes Buyer: Doug Magee Sale Price: $150,000 8.2 Acres ($18,293/ac) Unknown of future use of Land
4,860 Acres in Eloy Sells for a Cool $19 Million
June 13, 2023 Seller: Eloy Associates, LLC Buyer: GM Gabrych Family LP and Genus LP Sale Price: $19,000,000 Approx. 4,860 Acres ($3,910/ac) 78 Total Parcels Buyers are believed to be Investors All Purchased Land is within Eloy City Limits
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)
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
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
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
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
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 […]
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
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
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
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
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
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)
…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
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 […]
VERMA BUYS 160ac WAAAAAAAAY SOUTH ELOY
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
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
**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 […]
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?!
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
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 […]
226ac “Spec” land south side of I-10 (ELOY)
January 14, 2022 $1,864,500 / 226.3ac = $8,240/ac Buyers intention unknown
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 […]
Oops! They Did It Again! (Another True “Spec” Sale in Eloy 6 Days Later)
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 18, 2016 AOPV: 2016-009718 SELLER: Cristosomo/Marquez (Litchfield […]
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 […]
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, […]
Insider's Club
NEW DOLLAR GENERAL TO ELOY?
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 Circle K. Any intel? Anybody?
Insider's Club
Coolidge in Planning Spats!
The City of Coolidge is provoking some discontent amongst its neighbors by brazenly claiming overlapping planning area, contrary to existing IGAs. In the case of Eloy, the land in question is the south end of what was once the City of Mesa water farm, now owned by affiliates of Farm Services International, fronted by Jackob […]