Weekly Land Closing Update through September 15 , 2017 
Phoenix Metro - Maricopa County - Pinal County

Location
ACRES
SF
Zoning
Sale Price
$/AC
$
Per SF
Sale Date
Comments 
(Buyer)
SWC 20th St & Bell Rd
Phoenix
4.82 C-2 2,000,000
415,126
9.53 9/11 Vivo Development Partners
SWC Norma & Harmon Rds
Eloy
322 AG 4,500,000
13,966
0.32 9/11 Brian Layton
W/NWC Power & Pecos Rd
Gilbert
5.17 Commercial 1,500,000
289,674
6.65 9/11 Church of Jesus Christ of Latter-Day Saints
E/NEC Loop 101 & Thunderbird Rd  Peoria
161 Commercial 715,0004
444,747
10.21 9/11 Vaquero Ventures
SEC Dysart & Thunderbird Rd
El Mirage
0.89 Commercial 760,000
740,95
17.01 9/11 Risas Dental and Braces
N/NEC Kenworthy & Ocotillo Rd
Queen Creek
5.50 AG 270,000
5,272
1.20 9/12 Donald Standefer
S/SWC White and Parker Rd & Honeycutt Rd
Maricopa
5.00 Residential 325,000
64,904
1.49 9/12 Maricopa Lutheran Church
E/SEC Eleven Mile Corner Rd & AZ-287
Coolidge
257 AG 4,860,000
18,901
0.43 9/12 NextEra Energy
N/NEC Baseline & Higley Rds
Gilbert
1.10 Commercial 1,000,000
911,275
20.92 9/12 Z & H Foods Inc
E/NEC Arizona Ave & Chandler Blvd  Chandler
0.90 Commercial 290,000
321,472
7.38 9/12 Vivo Development Partners
S/SWC Grand Ave & SR-74
Morristown
114 RU-43 1,257,000
11,005
0.25 9/13 Irvin Robert Kessler
W/SWC 19th Ave & Baseline Rd
Phoenix
1.34 Commercial 815,000
635,540
14.59 9/13 Blumberg & Freilich Equities
Retail Center
SWC Signal Butte & Guadalupe Rd
Mesa
8.01 Commercial 2,569,162
320,601
7.36 9/14 Garrett Development Corporation
Charter School
Double Escrow
S/SEC SR85 & Patterson Rd
Buckeye
234 AG 700,000
2,979
0.07 9/14 Rich Stockwell
Proposed
Buckeye RV-Resort
E/SEC Gilbert Rd & University Dr
Mesa
2.25 Residential 300,000
133,333
3.06 9/14 Douglas A Sweeney
S/SEC 24th St & Southern Ave
Phoenix
35.00 AG 5,933,926
169,540
3.89 9/14 Pulte Group Inc
SE/SEC 16th St & Roosevelt St
Phoenix
2.02 C-1 1,400,000
693,069
15.94 9/14 Lafferty Electric Technologies
E/SEC Central Ave & Van Buren St  Avondale
5.08 C-2 600,000
103,672
2.38 9/14 Solterra Senior Living
S/SEC Saguaro Blvd & Palisades Blvd
Fountain Hills
1.93 Commercial 825,000
426,425
9.79 9/15 Ralph Craig Sparling
N/NWC I-17 & Anthem Way
New River
3.13 Commercial 600,000
191,664
4.41 9/15 Guggenheim Retail Real Estate 
SEC 75th Ave & Thunderbird Rd
Peoria
1.01

Commercial



450,000
443,440
10.18

9/5
SEC 75th Ave & Thunderbird Rd
Peoria
N/NEC 387th Ave & Narramore Rd
Tonopah
40 RU-190 300,457
7,511
0.17 9/15 Sempra Energy
NOTE!!!! Land Values and Sales are increasing fast. Builders are buying platted and finished lots fast. Developers will start new developments soon resulting in the purchase of raw land. There is strong activity in Planning and Zoning of raw land. Commercial land has also picked up in sales volume.

Land Values - Current Sales Averages
West Valley - $5 - $10 SF
Scottsdale, Tempe, and Paradise Valley - $20 - $70 SF
East Valley - $7 - $20 SF
Southern Maricopa and Pinal Counties - Increases ranging between 25 to 50% over the last year. 
 
CONTACT ME IF YOU WANT TO KNOW THE VALUE OF YOUR LAND 

520-975-5207
OR SEND ME AN E-MAIL - 

Location
# Lots
Zoning
Sales Price
$/Lot
Sale Date
Comments 
(Buyer)

S/SEC 35th Avenue & Southern
Phoenix
59 Platted 1,067,500
18,093
9/11 Lennar Homes
S/SEC Lindsay Rd & Germann Rd
Gilbert
18 Finished Lots 2,130,084
118,338
9/11 Woodside Homes
E/NEC US-60 & Peralta Rd.  G old Canyon
49 Platted
Engineered
3,234,000
66,000
9/12 Gehan Homes
NWC Fountain Hills & Shea Blvds
Fountain Hills
2 Finshed Lots 167,255
83,625
9/12 Houshang Ertefai
E/NEC Sarival Ave & Acoma Dr
Surprise
10 Platted
Engineered
650,000
65,000
9/14 Garrett Walker Homes
E/NEC Sarival Ave & Acoma Dr
Surprise
5 Platted
Engineered
325,000
65,000
9/14 Garrett Walker Homes
N/NEC Higley Rd & Southern Ave
Mesa
26 Platted
Engineered 
1,275,000
49,038
9/15 Brighton Brokerage & Development
SE/SEC Power & McKellips Rds
Mesa
4 Finished Custom Lots 517,000
129,250
9/15 Beau K Tanner
N/NEC Grand & 63rd Aves
Surprise, AZ
3 Partially Finished 
Lots
252,000
83,333
9/15 Lennar homes
N/NEC Buckeye Rd & Cotton Ln
Goodyear
149 Platted
Engineered
7,500,280
50,337
9/15 Beazer Homes


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)