Arizona Land Consulting (ALC) founder Anita Verma-Lallian. (Photo by Carl Schultz)
350 acres of land in Casa Grande sells for $20 million
Arizona Land Consulting, the Valley’s leading, female-owned land consulting firm, announced today the closing of a 350-acre property in Casa Grande for $20 million. The land in Casa Grande sits near Lucid Motors, with whom Arizona Land Consulting sold two parcels of land to last month for $17.3 million.
“There isn’t much land left in Phoenix or Tucson, and Casa Grande is positioned to capture the growth from both cities,” says Arizona Land Consulting founder, Anita Verma-Lallian. “We’re going to see a lot more industrial development over the next few years, especially as Casa Grande continues to attract attention from manufacturers, semiconductor suppliers and construction material suppliers.”
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The cost of land in Casa Grande is also appealing to buyers and investors, especially as land sales and prices stay strong regardless of current inflation. In fact, Arizona Land Consulting is in the process of negotiating several more strong deals that are expected to continue to break pricing records. Verma-Lallian and her team have seen three major closings in Casa Grande in the last year, including a 51-acre parcel of land across the street from Lucid Motors’ manufacturing plant.
Heading northwest, Arizona Land Consulting recently sold a parcel of land at Miller Road and Durango Street in Buckeye for $20 per foot, the highest closed comp in the Buckeye area. In February, Vema-Lallian and her team also closed on a 2,000-acre property near the Buckeye airport with plans to rezone it for industrial use.
“Despite a rocky road the past two years, the market has not slowed down for the commercial real estate market,” says Verma-Lallian. “Arizona is among the fastest-growing states in the country and the population and demand for land are moving outward. More people means less land, which means competitive prices. Land is the smartest investment you can make right now.”
Verma-Lallian has been able to utilize her long-term relationships and deep-rooted knowledge of the industry to continue putting the right deals in front of the right end-user to help investors experience unprecedented returns even amidst market uncertainty.
For more information about Arizona Land Consulting, please visit https://arizonalandconsulting.com/.