Meyer Development & Construction Services, Ltd., purchased a ±4.83 Acre parcel located at the Northwest corner of 19th Ave & Tierra Buena Ln, Phoenix, Arizona. The purchase price was $866,956 | $179,494/Acre | $12,564/Planned Unit. The project is being planned for 69 Attached For-Rent Townhome Units. The Seller was MDT Holdings, LLC. Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented both parties in this transaction.
Sincuidados
Cachet Homes purchased 4 Developed 1+ Acre Custom Lots within the Sincuidados gated Master Plan, located at Lone Mountain Rd & Pima Rd, Scottsdale, Arizona. The purchase price was $980,000 | $245,000/Developed Custom Lot. This sale represents the second of 3 takedowns for a total of 16 Lots. The Seller was Wallace Desert Gardens. Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented both parties in this transaction.
Parolo Vista Estates
Towne Development, Inc. purchased 10 Developed 1+ Acre Custom Lots within the Parolo Vista Estates gated community, located at 66th St & Pinnacle Vista Dr, Scottsdale, Arizona. The purchase price was $2,850,000 | $285,000/Developed Lot. This sale represents the first of two takedowns for a total of 11 Developed Custom Lots. The Seller was DR Horton, Inc. Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented both parties in this transaction.
16th St & Loop 101
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.
24th St & Indian School
JMJ Investors 24, LLC purchased a .695 Acre parcel located on 24th St North of Indian School Rd, Phoenix, Arizona. The cash purchase price was $675,000 | $22.30/sf. The Seller in this transaction was Hartzler@24th Street LLC. JMJ Investors is planning to hold this property strictly for investment purposes. Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented the Seller in this transaction.
Ray & Recker
Shea Homes LP purchased a ±79 Acre parcel located at the Southwest corner of Ray Rd & Recker Rd in Gilbert, Arizona. The cash purchase price was $16,000,000 | $202,531/Acre | $41,775/Lot. The site is being purchased in a Two-Phase takedown and is planned for 383 Lots as follows: 128 Lots | 45’ x 118.5’; 78 Lots | 55’ x 128.5’ and 177 Motor Court Lots. The Seller was Atlas Development II, LLC. Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented both parties in this transaction.
5505 E. Skinner
MJ2 & Co LLC, Mike DeMore, purchased 4.9 acres at 5505 E Skinner Dr., near 56th St & Dixileta Dr. in the North Phoenix submarket, Maricopa County, Arizona. The Seller in this transaction was VKL Trust. The cash purchase price was $520,000. Grant D. Helgeson, Don McCaul & Brian Beard of the Westland Properties Group represented the Buyer in this transaction.
94th St & Cactus
Empire Residential Communities Fund III, LLC purchased the ±1.9 Acre Casy Preschool site from John & Diane Spero. The cash purchase price was $1,890,000. The site will be incorporated into the planning of Empire’s adjacent ±13.42 Acre Wolf Springs Ranch subdivision for additional Single Family Lots. Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented the Buyer in this transaction.
Brown & Greenfield
Pinnacle Ridge Holdings/Blandford Homes purchased a 3.59 acre site planned for 10 Single Family Lots | 70’ – 80’ x 130’, located south of the southeast corner of Brown Rd & Greenfield Rd, Mesa, Arizona. The cash purchase price was $725,000 | $72,500/Planned Lot. The Seller in the transaction was Sky Investment Properties, LLC. Property to be an extension of Blandford Homes adjacent subdivision, The Estates at Valencia. Grant D Helgeson and Don McCaul represented the Buyer in this transaction.
Villages at Westridge Park
Woodside Homes purchased the second phase takedown of 56 Developed Lots within the Villages at Westridge Park subdivision at 75th Avenue & Thomas Road, Phoenix, AZ. The typical lot size is 32’ x 54’. Woodside Homes purchased the 56 lots for $1,568,000 | $28,000/Lot. Thee Seller in this transaction is Marketplace One/Mike Nuessle. Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented both parties in the transaction.
Sunrise Mountain
The City of Peoria purchased ±85 Net Acres for open space / preserve use within the Sunrise Mountain Master Plan site located at 91st Ave & Happy Valley Rd, Peoria, Arizona. The Seller in this transaction was Sunrise Mountain Development Partners LLC / Keith Holben. The cash purchase price was $1,950,000. The City of Peoria has an option to purchase the ±123 Net Acre balance of the ±208 Gross Acre site within the next 14 months. Grant D. Helgeson, Don McCaul & Brian Beard of the Westland Properties Group represented the Seller in this transaction.