A 40-acre development site, located at the southwest corner of 171st Avenue and Dixileta Drive in Surprise, Arizona, has sold for $1,840,000.
Kidder Mathews Senior Vice President Brian Rosella represented both the seller, Dixileta 40, LLC and the buyers, HOH Investments and Dixileta171, LLC. The buyers are both privately held real estate investment firms focused on value-add assets.
“This sale shows developers believe in the long-term growth potential of Surprise and the Northwest Valley as a whole because of the tremendous growth forecasted to continue in the submarkets along the Loop 303 Corridor,” said Rosella.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project and construction management, and debt & equity finance services for all property types. The firm performs $10.9 billion in transactions, manages 52 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.