October 25, 2023 Seller: Mountain View Peart, LLC Buyers: Ben Fatto, LLC, Mt. Olympus Investments, LLC, Viel Gluck, LLC Sale Price: $1,300,000 14.50ac ($2.06/sf) Buyers appear to be Investors Currently Zoned PAD Located on Peart Rd., just North of Rodeo Rd.
land
APS purchases 15 acres of Vacant Land at Arizola/Earley Rds.
October 18, 2023 Seller: Carlton Ranch, LLC Buyer: Arizona Public Services Company Sale Price: $3,000,000 15.816ac ($4.35/sf) Parcel: 505-35-002B (portion of) It is believed that this site will be used for a APS Sub Station
Parcel off of Shultz/11th St. sells for $150K
October 6, 2023 Seller: Labate Properties LLC Buyer: Alexis II LLC Sale Price: $150,000 1.06ac ($3.25/sf) Currently zoned for Single Family Res. but surrounded by Industrial Unknown if intentions and if they will rezone?
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?
CEMEX purchases 160 Acres off of Bianco Rd.
August 30, 2023 Seller: Traviano Partners, LLC Buyer: CEMEX Construction Materials South, LLC Sale Price: $4,500,000 160ac ($28,125/ac) Purchased land is right next to CalPortland Cement Co.
21 Acres at the SWC of Kortsen/Peart Rd. sells for $3.7 Million
August 24, 2023 Seller: Guylotta Limited Partnership Buyer: Arnett Family, Inc. Sale Price: $3,700,000 21.21 Acres ($4.00/sf) Lots of Speculation on what could go there but Nothing Confirmed
Dykstra purchases 80 acres of land off of Kleck Rd.
August 14, 2023 Seller: Anita M. Kennedy Buyer: JKTT LLC (Jaime Dykstra, Dykstra Machinery) 80 Acres Sale Price: $800,000 ($10,000/ac $0.23sf) Dykstra Machinery is currently located at 3026 N. Rockwell Ave. Casa Grande cres cres Sale Price: $800,000 ($10,000/ac $.23sf) Dykstra Machinery is currently located at 3026 N. Rockwell Ave. Casa Grande Sale Price: $800,000 […]
32 Acres of Vacant Land at Thornton Rd./Ash Ave. sells for $6.1 Million
August 14,2023 Seller: All Other Property Limited Liability Partnership Buyer: Brown Acorn LLC 32 Acres Sale Price: $6,138,000 ($4.40sf) End User is believed to be FrameTec (special thanks to John McGuire for gathering this information) https://www.frametec.com/arizona Site Location is just North of Walmart DC
2 Parcels between DES Buildings and Walmart DC in Casa Grande sell for $325,000
August 3, 2023 Seller: Darwin Parks, Toby Parks and Rhonda Kemick Buyer: David J. Williamson Sale Price: $325,000 Size: 4.45 acres ($1.68sf) Buyer also owns parcel 507-12-014-D which is just north of sale
More Action for Wuertz in Sandia Farms
July 27, 2023 Seller: Wildcat Farms, LLC (Wuertz) Buyer: Promus Capital, Inc and AndersenCP Investments, LLC Sale Price: $9,482,910 Size: Land and Lots Subdivision: Sandia Parcel 1.37
Commercial Use Land along Maricopa-Casa Grande Hwy. Sells for $625,000
July 31, 2023 Seller: CAPDEVL 060, LLC Buyer: TB Southwest 3, LLC Sale Price: $625,000 1.02 acres ($14.07sf) Cash Sale Future use believed to be Taco Bell
Sun Valley Community Church purchases land at the NEC of Kortsen/Peart Rd.
July 27, 2023 Seller: Carl G Hoffman and Mary K Hoffman Buyer: Sun Valley Community Church, an Arizona non-profit corporation Sale Price: $2,395,948 12.49 acres ($191,829/ac or $4.40/sf) Believed to be 10 acres of usable land at the NEC of Kortsen/Peart Rd. $20,000 down payment, conventional loan for financing
Keeling Buys 9.8% of 745 Acres on the Eastside of Casa Grande
July 10, 2023 Seller: Laura Zuniga, Ronda Maples, Mark Maples, and William Maples Buyer: Douglas M. Keeling Trustee of the Douglas M. Keeling Trust Sale Price: $1,558,824 745 Acres 9.8% works out to approx. $21,338/ac Intentions Unknown
Pulte Home Purchases 161 acres in Maricopa and then simultaneously sells a portion to a Home Builder
July 7, 2023 Seller: Investment Grade Loans, Inc. Buyer: Pulte Home Company, LLC Purchase Price: $10,641,000 161.07 Acres ($66,064/ac) Pulte Home then sells a portion to Castlerock Communities Arizona LLC for $4,500,000
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
20 Acres at the NWC of Peart/Kortsen Sells for what appears to be Multi-Family
May 31, 2023 Seller: Sunland Estates, LLC Buyer: HSL Bella Vista LLC Sale Price: $6,257,792 19.995 Acres ($312,968/ac) Originally posted on CG Local Government & Economic Improvement FB Page Future use believed to be Multi-Family Residential
City of Maricopa Sells Land just North of City Hall
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
SouthWestern Power Group Buys more Land in Pinal County
May 18, 2023 Seller: A. Tsakiris Family Limited Partnership Buyer: Red Stick Land Holdings, LLC Sale Price: $6,698,000 790 Acres ($8,478/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
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
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
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
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
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
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
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
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 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
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
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
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 […]
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
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
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
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
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
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
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
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
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
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
“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
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
MULTI-FAMILY PARCEL AT MERCADO CLOSES
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
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
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
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 […]
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?
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
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
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 been touted form apartments Buyer intention […]
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
A NEW HIGH $ FOR CASA GRANDE MEDICAL LAND?
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)
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
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 … 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)
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 […]
OTHERWISE UNDISTINGUISHED 2.73ac MARICOPA PARCEL SELLS FOR …
… $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
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 […]
LOCAL INVESTORS SELL 10ac IN PRIME NE CASA GRANDE FOOTHILLS AREA
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
LATEST WESTSIDE CASA GRANDE INDUSTRIAL LAND SALE
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)
226ac “Spec” land south side of I-10 (ELOY)
January 14, 2022 $1,864,500 / 226.3ac = $8,240/ac Buyers intention unknown
13ac Maricopa Apartment site closes for $7/sf
REE, a Minnesota-based development firm, closed the purchase of 13ac from an entity controlled by El Dorado Holdings, for 7$/sf on December 15, 2021.
163ac near ATTESA just closed (Dec 8 2021) at eye-popping $ number
$19,000/ac?! WOW!
CAR DEALER FAMILY STEALS 6+ ac
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 abandoned rights-of-way) PRICE: $200,000 + $200,000 […]
ARROYO VERDE ESTATES LOTS SELL IN BULK
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: $1,530,640 ($28,880/lot) and $173,280 ($28,880/lot) cash […]
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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 […]
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, […]
“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 […]
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 […]
New Church Site in Casa Grande
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) cash from new financing COMMENTS: One […]
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5ac Multi-family in CG
5ac potential multi-family in Casa Grande’s Florence Blvd retail corridor: Access full flyer here 5ac Casa Grande Multi-family Or contact Rock for more info @ 520-421-9000 or rock@cbrox.com
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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.
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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).
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Small Pinal Ave Comm'l Parcel
DATE: July 3, 2014 AOPV: 2014-038717 SELLER: 2010-1 Cre Az-Land, LLC, a Delaware limited liability company (unknown to CB ROX) BUYER: Atlas Commercial, LLC (Alfonso Larriva, Paradise Valley – unknown to CB ROX)