Land Advisors Organization facilitates $2.05 million deal, representing the buyer and the seller of the parcel, for planned speculative industrial development.
Scottsdale, Ariz. (Jan. 25, 2023) – Dale Cavan, a Phoenix-based developer, closed on the purchase of a 24-acre parcel in Casa Grande, with plans to build a new commerce park that will feature a series of speculative buildings under 70,000 SF to accommodate industrial needs in the area. The buyer paid $2,057,851 for the land located at the SEC Thornton Road and Ash Avenue, which will become the Casa Grande Commerce Park.
Kirk McCarville, CCIM, and Trey Davis with Land Advisors Organization represented the buyer and the seller in the transaction. The deal fetched $85,743.79 per acre.
“The buyer has been successful with multiple industrial developments of this type across the Valley and recognized a need for existing industrial space in Pinal County,” McCarville said. “Thanks to the site’s unique layout, which accommodates their product perfectly, the land price and the market’s growing needs for this type of product we were able to complete the transaction and welcome a new industrial park to Casa Grande.”
This marks the third land closing with approvals for speculative industrial development in Casa Grande. The city has received significant attention nationally and internationally recently due to announcements by major manufacturers coming to or expanding facilities in the area, including Lucid Motors, Nikola, Kohler, Chang Chun Chemical, and Air Products. And, with its proximity to the TSMC factory and Intel’s expansion, there continues to be tremendous interest from companies in the semiconductor supply chain and the Tier 1 and Tier 2 electric vehicle manufacturer suppliers following suit to have facilities in the area. Since 2000, Casa Grande’s population has doubled, making it the largest city and tax base in Pinal County.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Nashville, Tennessee; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
# # #