Land Advisors Organization’s Prescott, Arizona, office represented the seller in the $2.3 million disposition of 25 acres in Camp Verde, Arizona. The buyer plans to construct a manufacturing plant for trusses and wall systems in the Yavapai County municipality.
Capri Barney, who focuses on the rapidly developing Yavapai, Coconino, Mohave, Gila, and Navajo county markets, represented Verde Valley Professional Center Partners LLC (Kelly Sands Principal). The property, which is located at 3425 W. State Route 260 in Camp Verde, fetched the sale price of $92,356 per acre.
The site is part of a portfolio of assets located in the towns of Camp Verde and Clarkdale and owned by Verde Valley Holding Co. There are additional land offerings located in the area’s Opportunity Zone, which also include land for residential development.
“The Town of Camp Verde was supportive of the buyer’s intended use which also conformed to the existing zoning. As a result, the buyer was able to complete its due diligence quickly and the transaction closed escrow ahead of schedule,” Barney said.
The buyer, Purple Acorn LLC, was represented by Terry Brock at Russ Lyon Sotheby’s International.