Weekly Land Closing Update through April 6, 2018 
Phoenix Metro - Maricopa County - Pinal County

Location
ACRES

Zoning
Sale Price
$/AC
$
Per SF
Sale Date
Comments
Buyer

NWC 5th & Van Buren Sts
Phoenix
1.29 Commercial 4,027,000
3,131,528
71.89 4/2 Planned for 350 unit 29-story residential tower
North American Development 

S/SEC 83rd Ave & Bethany Home Rd
Glendale
13.48 Residential 1,450,000
107,566
2.46 4/2 William Tolmachoff
NEC SR- 51 Indian School Rd
0.93 Commercial 590,000
634,233
14.56 4/2 Mark Mascia
W/SWC 17th Ave & Broadway Rd
Phoenix
0.97 Industrial 310,000
317,988
7.30 4/2 Bobby Knox
SEC Citrus & Indian School Rds
Goodyear
549.56 AG 49,000,000
89,147
2.05 4/3 First Industrial Realty Trust
S/SEC Val Vista Dr & Pecos Rd
Gilbert
1.48 Commercial 1,650,000
1,116,442
25.63 4/3 Coaction Development Group
2,53 Commercial 500,000
197,326
4.53 4/4 Bruce Reek
S/SEC Val Vista Dr & Pecos Rd
Gilbert
1.48 Commercial 1,650,000
1,116,442
25.63 4/4 Coaction Development Group
NEC Estrella & Hanna Rds
Eloy
960.00 AG 3,600,000
3,750
0.09 4/4 Langley Properties
E/NEC Palo Verde & Baseline Rds
Buckeye
312.00 AG 6.545.384
20,978
0.48 4/5 Jacquelynn C Accomazzo
S/SEC Turner Rd & Southern Ave
Buckeye
79.00 RU-43 1,635,980
20,708
0.48 4/5 Wayne A Smith
SEC Turner Rd & Southern Ave
Buckeye,
76.00 RU-43 1,613,24
21,226
0.49 4/5 Wade T Accomazzo
S/SWC Country Club Dr & McKellips Rd.   Mesa
0.58 Commercial 350,000
597,207
13.71 4/5 Wentworth Property Company
SWC Gilbert & Ray Rd.  Gilbert
11.99 Residential 4,440,491
370,349
8.50 4/6 Proposed for 58 single-family lot development
Richmond American Homes 

N/NEC Ellsworth & Riggs Rds
Queen Creek
8.00 RU-43 875,000
109,335
2.51 4/6 Brad Young
SEC Waddell Rd & 175th Ave
Surprise
32.27 AG 3,726,000
115,463
2.65 4/6 Hemstreet Development Corp
NWC Val Vista Dr & Queen Creek Rd
Gilbert
3.50 Commercial 1,172,600
7.70 4/6 Proposed for a 504-unit / 73,272 SF storage facility.
Hines



Location

#
Lots

Zoning
Sales Price
$ per lot
Sale Date
Comments
Buyer
W/NWC 91st Ave & Deer Valley Rd
Peoria
6 finished lots 623,333
103,888
4/3 K Hovnanian Homes
N/NWC 37th Ave & W Camelback Rd
Phoenix
8 platted and engineered 278,000
34,750
4/5 Genaro Martine
W/NWC Signal Butte & Warner Rds
Mesa
266 platted and 
engineered
12,942,500
48,656
4/5 JEN Partners
SW/SWC Signal Butte Rd & Elliot Rd
Mesa
3 finished lots 413,333
137,777
4/5 David Weekley Homes
W/SWC Scottsdale & McDowell Rds
Scottsdale
6 platted and engineered 1,226,800
204,466
4/6 K Hovnanian HomesMilan

Data Source: CoStar, BREW, Vizzda plus personal information
"In business as in life, you don't get what you deserve you get what you negotiate." - Chester L Karrass

"You miss 100 percent of the shots you never take, and if you think it's expensive to hire a professional to do the job, wait until you hire an amateur "  

 With over 20 years of experience in three separate countries Walter brings exceptional knowledge in deal making.

Kasten Long Commercial Group
 
Walter Unger, CCIM - 
Senior Associate Broker
 
520.975.5207 (cell) -   WalterUnger@ccim.net
Designated Broker - Jim Kasten, CCIM   602.677.0655  (office)