7.2 Acres of Land in Buckeye Sells for $2.35M Article originally posted on AZ Big Media on June 17, 2021 A 7.2-acre commercial parcel of land in Buckeye, located off of Interstate 10 and Miller Road, traded this past week for $2,350,000 or $7.47 per square foot. Nick Miner, CCIM and J.T. Taylor of ORION Investment Real Estate represented the Seller entity, Schmitzer Family Trust, while Samil Lallian of HomeSmart represented the buyer, Vermaland. Miner & Taylor of ORION took the property from open to close in just 3 months, garnering multiple interested parties along the way. Vermaland was selected as the Buyer because they were the most aggressive on price and timing. This commercial land is zoned GC, permitting a wide range of commercial goods and services to the entire region. This offering of over 7.2 acres allows for many options and possibilities for the buyer. Development readiness includes Miller Road improvements, easements, nearby traffic signals, and more. The commercial land site is located on the southeast corner of Pima and Miller Road in Buckeye, which is one of America’s fastest growing cities in the U.S. The population was estimated at 68,453 in 2017. In May 2019, population estimates released by the U.S. Census Bureau placed Buckeye as the fastest growing city in the U.S. by percentage from 2017-2018, growing by 8.5%. Nick Miner, CCIM commented on the transaction, “We have been working with the seller on this land site for some time while the area matured. With the recent momentum from all the new developments in the area and the announcement of 5 Below being developed on the SWC of Miller & Durango, that was the true tipping point to seal the area as an emerging development area.” June 24, 2022 Commercial Real Estate Providing Buffer Against Inflation Pressures: Nuveen Lincoln Property Co. Plans $260M Industrial Project Glendale to Consider Annexing 130 Acres to Make Way for Massive Industrial Park Intel $20B Arizona Plant Expansion Aimed at Fixing Microchip Shortage Keeping Up With Phoenix’s Skyrocketing Apartment Rents June 23, 2022 Valley Build-to-Rent Communities Sell, New York-Style Pizzeria Opens; 6 Other Real Estate Deals to Know Luxury Apartments, Retail Next for 120-Acre North Scottsdale Project Called One Scottsdale Top Western Markets by Investment Activity Southwest Industry News for June 2022 DMB Moving Forward on $1 Billion North Scottsdale Mixed-Use Development