Valley View Investors, Inc. has sold a 118-acre residential development property at the southeast corner of Herseth Road and Arizona Farms Road in Florence, Arizona for $2,750,000. The site was acquired by Contadino 2021 Irrevocable Trust, and both parties were represented in the sale by Kidder Mathews Senior Vice President Brian Rosella.
The property is situated in an area between San Tan Valley and Florence that is poised for significant growth over the next decade. In the past two years, this property has been one of only three land parcels over 100 acres to sell in this submarket. Arizona Farms Road is a planned east-west thoroughfare of regional importance, making this area ideal for residential 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, 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 2,800 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.