Private investors Mike and Lauren Farrell have sold a 22-acre residential development site at the southeast corner of Schnepf Road and Hash Knife Draw Road in San Tan Valley, Arizona. Kidder Mathews brokers Brian Rosella and Joseph Calistri represented them in selling the property to BC Invest, LLC for $1,722,745.
BC Invest, an investor and residential developer, is working on several residential land development projects in the area and has purchased the property for future development.
“Residential development in the valley continues to be in high demand, and builders are competing for land,” said Rosella.
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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 2,800 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
