5 acres of land in Maricopa sells for $2.4 million

Real Estate | 19 May |

NAI Horizon represented the seller in the disposition of two parcels of land in Maricopa and an industrial building, which the City of Maricopa, Arizona, plans to utilize as a facilities works yard.

NAI Horizon First Vice President Michael Gaida represented DRA LLC of Maricopa in the deal which fetched $2.4 million. The transaction includes an 18,000 SF building on 2.5 acres at 32240 W. Bud Road. It also includes an adjacent vacant 2.51 acres to the North for a total of 5.01 acres.

READ ALSO: 7.6 acres of land in Surprise sells for $1.65M

“Available industrial land with this many buildings in the Maricopa/Gila Bend market is nearly impossible to find,” Gaida said. “The City of Maricopa has been actively searching for a location like this for several years.

“The property comes with a lot of machining equipment and powder-coating spray booths and dryers. The city will be able to securely park, service, and repair its fleet of vehicles, light and heavy equipment, with ample storage for all future Pinal County expansion projects,” Gaida said.

The City of Maricopa will occupy the building, which formerly housed Alpha Tech Coatings. The property will ultimately save taxpayer dollars over time as Maricopa  continues to expand.

The investment highlights include Ak-Chin airport access, on-site living quarters, a security system, and storage space. The building was constructed in 1996 and renovated in 2003.

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