“Given the turbulent market, industrial land continues to deliver high returns in the West Valley,” said investor Dr. Mitchell Kaye.
PHOENIX (PRWEB) February 02, 2023
Arizona Land Consulting, the Valley’s leading, female-owned land consulting firm, announced today the closing of a 94-acre 1031 exchange property for $13.5 million in Buckeye, Ariz. The 1031 exchange investors saw a quadruple return from the initial $3.7 million, 12-acre property purchased down the road.
Arizona Land Consulting closed on 18-acres off Yuma Road and Miller Road in December 2020 for $2.75 million. One year later, 12 of the original 18-acres was sold for $3.7 million in a 1031 exchange, and Arizona Land Consulting purchased a 94-acre property located on Palo Verde and Baseline, near KOREPlex and the Sustainable Valley, for $6 million. The 94 acres were then sold to a recycling company for $13.5 million. The investors involved in the 1031 exchange saw an above average return of four times the initial investment.
“Given the turbulent market, industrial land continues to deliver high returns in the West Valley,” said investor Dr. Mitchell Kaye. “Anita’s level of knowledge and connections makes her able to create significant returns for her investors.”
The leftover six-acres from the original 18-acre property on Yuma Road and Miller Road is currently in escrow with a storage company. The six-acres was originally purchased for $3 per square foot and is selling for $13 per square foot. A 3,000-square-foot easement of the six-acres, located off the I-10 freeway and Yuma Road, sold for $1.05 million to a digital billboard company in November 2022.
“Our strategic land deals have continued to deliver above average returns for our investors. The initial land acquisition of the 18-acres was considered an unwise business move due to the power lines that run through the property and yet we were still able to quadruple the return to investors,” says Anita Verma-Lallian, CEO and founder of Arizona Land Consulting. “We are continuing to see industrial land thrive despite the changing market conditions.”
For more information about Arizona Land Consulting and to learn more about investment opportunities, please visit https://arizonalandconsulting.com/.
ABOUT ARIZONA LAND CONSULTING
Arizona Land Consulting is a Phoenix-based land investment and consulting company that specializes in commercial real estate, founded by Anita Verma-Lallian. The company is best known for sustainable expansion in the West Valley, having purchased a total of 2,500 acres in the city of Buckeye over the last year for a variety of different opportunities and growth. You can view more information at https://arizonalandconsulting.com/.