5 Buckeye land deals fetch more than $15M

5 Buckeye land deals fetch more than $15M


 

Article Originally Posted On AZBigMedia On March 5, 2020

 

Five recent land deals in Buckeye brought in more than $15 million total, according to the commercial real estate tracking website Vizzda.

Here are five Buckeye land deals that closed recently:

• The Kemper & Ethel Marley Foundation bought 138 acres at the northwest corner of Turner Road and Southern Avenue for $2,336,976. The seller was B Bar G Farms. The vacant land is zoned for a proposed planned community called Silver Rock in the City of Buckeye. No plans have been provided at this time.

• U & M Land bought 30.59 acres at the northwest corner of Miller Road and the I-10 Freeway for $1,606,500. The seller was 40th & Earl LLC. The property, which breaks down to $52,517.16 per acre, is zoned for industrial use.

• Garrett Walker/Landsea Homes acquired 36 lots from Builder Capital for $2,465,820 — or $68,495 per lot. The lots are located at the at the southwest corner of Verrado Way and Yuma Road. The lots are part of Sundance Parcel 48.

• 133 acres at the northeast corner of Broadway and Rooks roads traded hands for $4,655,000 in a related sale between two entities tracing to David Fretz — The Tyson Family and Friends LLC and the Tyson Family LP.

• 155.53 acres of agricultural land at the southeast corner of Apache and Beloat roads sold for $4,185,000 — $26,907.99 per acre. The buyer was Uppal Land LLC and the seller was WJW Hindman 2005 LLC. This property was acquired same day with a further 160 acres at $3,200,000 ($26,910 per acre).

The city of Buckeye’s 56.6% population increase since 2010 made it the second-fastest growing city in the nation for the past decade.

City and town population estimates released by the Census Bureau show Buckeye’s population grew to 79,620 in 2019, a 7.1% increase in just one year and a sizable leap from the 50,851 people who lived in the city in 2010.

As the westernmost suburb of Phoenix, Buckeye is the one major Arizona city between Phoenix and Los Angeles. Besides being a major stop for goods and people traveling between the two metropolises, its location has also made Buckeye an attractive place for California companies looking to relocate, said David Roderique, Buckeye’s economic development director.

“They can’t take the congestion and the cost of regulation and all the problems that California is having, so Buckeye benefits from that,” Roderique said.

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