Tag Archives: land sale

Linsalata Airpark Parcel

Runway parcel in Scottsdale Airpark sells for $8.3M

Scottsdale Airpark’s largest commercial land parcel on the runway, at 9.54 acres, sells to a local investment company for $8,325,000 or $20.03 per square foot.

Mark Linsalata

Mark Linsalata

Mark Linsalata, Bill Blake and Fred Darche, principals with Lee & Associates represented the seller, Phoenix Dragon FEI, LLC of Scottsdale. Linsalata represented the buyer, Boeing V, LLC, a private investment entity in Phoenix.

The 415,562 SF parcel was the largest remaining commercial parcel will runway access for sale in the Airpark. This highly sought after parcel on the south side of the airport’s runway, holds strong investment potential for future aviation and various commercial uses.

Scottsdale Airpark is one of the state’s largest employment core’s with close to 50,000 jobs within its boundaries. The area is strategically located in North Scottsdale and is surrounded by world class shopping, entertainment, recreational and hospitality venues.

The Airpark is surrounded by easy access to top transportation corridors such as the Loop 101, Scottsdale and Hayden roads and Frank Lloyd Wright Blvd.

Thornydale

CBRE to auction 6 acres with entitlements in Tucson

Douglas Johnson, Managing Director, CBRE Auction Services, today announced that + 5.95 acres with entitlements will be sold at online auction. The property is located on Thornydale Road, just north of Ina Road in Tucson, AZ. The online auction will be held on Tuesday, April 29th, 2014. The opening bid is $350,000.

 

This is a unique investment opportunity in the Tucson, AZ metropolitan area which is just about shovel ready.” said Mr. Johnson. The site overlooks the intersection of Ina Road and Thornydale Road in unincorporated Pima County, Arizona. Thornydale is the main North/South arterial road that links traffic from the Northwest corridor to Central Tucson. The site is easily accessible to retail stores and restaurants located nearby, including two power centers and two neighborhood centers. The land is zoned TR, Transitional, by Pima County.

 

The property’s elevation provides unequaled views of the Tucson Valley. Frontage along Ina Road provides excellent visibility for a variety of uses that may include office, medical, and multi-family residential.” added Patrick Connell, Managing Director, CBRE Auction Services.

 

The development plans yield approximately 50,702 square feet of office space comprised of five separate buildings. Approximately 1.19 acres of natural desert open space will divide the property into two distinct sections, allowing for phasing.

 

The online auction will open with bidding at $350,000. An initial earnest money deposit of $25,000 is required in order to participate. The online auction will be held on April 29th, 2014. Property inspections will be held on April 9th and April 16th by appointment only. CBRE representatives will be available to answer questions about the auction process, procedures, as well as the property. Detailed property information will also be available for review including the purchase and sale agreement. For this, and other information about the auction, including the terms and conditions of the auction and a brochure, prospective bidders should visit www.cbre.com/auctionservices, or call CBRE Auction Services at 800-815-1038.