NAI Horizon represented the seller in the disposition of 34 acres of land in Mayer, Arizona, upon which the buyer plans to build rental cabins.
NAI Horizon Senior Vice President John Filli and Vice President Christopher Lewis represented LAdventure LLC, Series BB, a Delaware limited liability company from Boonsboro, Maryland.
The land, which is approximately 15 miles southeast of Prescott, Arizona, sits at an elevation of 6,440 feet and is in close proximity to Mount Union, elevation 7,979 feet. The deal fetched $165,000.
The site also includes two patented gold mines. A patented mining claim is one for which the federal government has passed its title to the claimant, giving him or her exclusive title to the locatable minerals and, in most cases, the surface and all resources.
“Having to deal with the impact of the site’s 6,440-foot altitude, a very dense Ponderosa Pine forest, snow-covered access roads (for up to 7 months of the year), and a very remote location, made the close of escrow considerably more difficult than was originally anticipated,” Filli said. “Nonetheless, it is a pristine parcel of land ideal for cabins in the high country.”
The buyer, CHR Revocable Trust, dated September 30, 2018 of Phoenix, was represented by Tony Bagneschi with Insight Land & Investments.