El Rancho Santa Rosa, a 133-acre property in Maricopa, Arizona, sold to Pulte Homes for $10,641,000. Kidder Mathews’ Brian Rosella represented the seller, Investment Grade Loans, Inc. This marks the largest homebuilder purchase in the Maricopa submarket in the past 18 months.
The sprawling property presented an attractive opportunity for Pulte Homes, as they sought to expand their presence in Maricopa after successfully closing out on their nearby community, Santa Rosa Crossings. The location’s proximity to their completed project made it a strategic choice for future residential development.
“This sale shows the confidence homebuilders have in the Phoenix MSA,” said Rosella. “The continued demand for new homes in the region is a positive indicator for the market and reflects a trend of sustained growth.”
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 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 & construction management, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.