Riverwalk’s 94 P&E Lots in Peoria, Arizona Sell to Maracay for $7.5 Million

 

Scottsdale, AZ (January 3, 2018) – Land Advisors Organization Scottsdale team of Ryan Semro, Ben Heglie, and Bret Rinehart represented the Seller, Melcor Developments Arizona, Inc in the transaction of 94 P&E lots in Peoria, AZ to Maracay 91, LLC for $7,558,932 on December 29, 2017.

The ideally situated ±78-acre sale parcel of Riverwalk is located at the NEC/SEC of 77th Avenue & Pinnacle Peak Road. Lot sizes include (43) 90’x140’, (17) 100’x150’, (28) 115’x155’, and (6) 125’x295’.

For more information regarding the Phoenix metro market and specifically this notable transaction, contact Ryan Semro at rsemro@landadvisors.com, Ben Heglie at bheglie@landadvisors.com or Bret Rinehart at brinehart@landadvisors.com.

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