Rail-served warehouse, land in Casa Grande Sells for $1.35M
Land Advisors Organization facilitates closing, representing the buyer and the seller of the 7,560 SF building, adjacent land at the NEC of Peters and Burris roads.
Scottsdale, Ariz. (March 9, 2023) – A building that manufactures residential pool chemicals and 2.38 acres of adjacent land in Casa Grande served by existing rail recently closed for $1.35 million. Land Advisors Organization represented both the buyer and the seller in the transaction.
Pinal County Specialist Kirk McCarville, CCIM, facilitated the deal for the assets at 139 S. Industry Way. The buyer was G&D Land Development LLC. The seller was Indian Oaks Investments LLC (Ruth A. Kramer principal).
“Rail-served industrial land is hard to come by these days, but fortunately not in Casa Grande,” McCarville said. “The advantages of being on the Union Pacific Sunset Line have given Casa Grande a huge edge in capturing large and small rail users and is contributing to the area’s economic growth. Existing rail served the building, which has been under option for two years, and will serve the burgeoning Casa Grande housing market.”
The deal fetched $567,226 per acre.
Over the past two years, Casa Grande has generated significant media attention at the national and international levels with development announcements by manufacturers, including Lucid Motors, Kohler, Chang Chun Chemical and Air Products. There is tremendous interest from manufacturers, semiconductor supply chain and electric vehicle manufacturer suppliers and others with rail distribution needs to have facilities in the area. Casa Grande’s population has doubled since 2000, 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.
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Media Contact: Patty Johnson, Connections Marketing & Communications
PattyJohnson@Connections-marcom.com or 602.402.2965