50-acre development site in Avondale sold for $2M
DTZ has announced the sale of ±50.1 acres on the southwest corner of Interstate 10 and 119th Avenue in Avondale to Avondale I-10, LLP, which purchased the land for $2 million ($0.91 PSF) from Salt Lake City investment firm FNBN Spectrum, LLC (dba Sorenson Group Management).
DTZ Vice Presidents Brian Rosella and Will French represented both the buyer and seller during the sales transaction.
The site, which is zoned AG, is one-half mile from the I-10 interchange at Avondale Boulevard and has over 1,200 feet of frontage on the freeway. The buyer plans to hold the site for future development.