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 […]

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

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 […]

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

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 […]

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 […]

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 […]

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

“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 […]

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 […]

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 […]

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

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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).