40-acre development site in Surprise sells for $1,840,000

A 40-acre development site, located at the southwest corner of 171st Avenue and Dixileta Drive in Surprise, Arizona, has sold for $1,840,000.

Kidder Mathews Senior Vice President Brian Rosella represented both the seller, Dixileta 40, LLC and the buyers, HOH Investments and Dixileta171, LLC. The buyers are both privately held real estate investment firms focused on value-add assets.

“This sale shows developers believe in the long-term growth potential of Surprise and the Northwest Valley as a whole because of the tremendous growth forecasted to continue in the submarkets along the Loop 303 Corridor,” said Rosella.

40-acre development site in Surprise sells for $1,840,000

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