2.42 acres of land in Surprise sells for $6.128M

Real Estate | 22 Mar |

S&J Enterprise LLC bought 2.42 acres of vacant land in Surprise for $6,128,000, according to the commercial real estate tracking website Vizzda. The cost of the land, located at the southeast corner of Reems and Cactus roads in Surprise, breaks down to $2,532,231.40 per acre.

The seller was Continental Properties.


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The seller brokers were Chris Lind and Mark Ruble from Marcus & Millichap,

The developer’s plans for the vacant land include Goodwill at Cactus Plaza, a 22,980-square-foot, one-story commercial retail building. The developer has plans for 114 parking spaces (5 ADA) for a ratio of 4.96 per 1,000 square feet.

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