The site is located at NWC Warren Road and Bowlin Road. The new owner was drawn to the desert landscape of the area and access to well water for horses.
Unlike most transactions in the market today, this sale stood out as it was acquired by an owner-user, rather than a long-term investor. It demonstrates the strong interest and demand for land from buyers seeking to create their own personalized spaces.
“The seller was very pleased to be able to get top dollar in today’s market with little stress throughout the process of the sale,” said Calistri.
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.