12.89 acres of commercial land in Gilbert sell for $3.1M

12.89 acres of commercial land in Gilbert sell for $3.1M

Article Originally Posted By AZBigMedia On April 4, 2022

Managing Director Mark Wilcke, a top producer with NAI Horizon specializing in industrial/commercial buildings and land sales and leasing, represented the seller in the sale of 12.89 acres of commercial land located just south of the SWC of 181st Street and Warner Road in Gilbert, Arizona.

The sale fetched a price of $3.1 million. Wilcke represented the seller, Phoenix Warner, LLC, of San Diego, California.

“The buyer intends on building an industrial project,” Wilcke said. “This site has excellent accessibility to the Loop 202 freeway. The industrial land market is extremely competitive due to all of the land being purchased for new industrial developments.”

Wilcke has been extremely active selling land in the Metro Phoenix and Casa Grande markets over the past year, the latter market becoming a manufacturing hub.  

The buyer, USCIF Hopewell Gateway 202 Phase II Owner LLC, a Delaware limited liability company, was represented by Mike Parker of CBRE.