Luna Azul Development Fund, LLC, purchased a ±4.41 Acre parcel located at the Southwest Corner of Loop 101 Freeway & 16th St in Phoenix, Arizona. The cash purchase price was $1,166,000 | $264,400/Acre | $38.867/Lot. The property is being developed as a 30-Lot Cottage Home Community for Disabled Adults. The Sellers were Freeman Revocable Trust and Brown Revocable Trust. Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented Seller in this transaction.