MARANA, ARIZONA, January 4, 2023 -- Jeramy Price and Brenna Lacey of Volk Company and Chuck Wells of Kidder Mathews represented the seller, Cortaro Commercial JV, LLC, c/o Thompson Thrift Development, in the sale of approximately 157,060 square feet, (3.61 acres) of land for a purchase price of $2,095,310 ($13 PSF).
Located at the northeast corner of Cortaro and Interstate 10, the buyer, Jormar Investment Company, LLC, purchased for construction of a two-story car dealership building (approximately 24,000 SF under roof) and site including grading, structural, MEP and landscape. The project will include sales and service repair facilities dba Mark Mazda Dealership.
The transaction closed December 7, 2022.
Mark Mazda is currently in Scottsdale, selling new and pre-owned vehicles as well as auto maintenance for everything from oil changes and filter replacements to power-train and drive-train repairs.
For more information, Price should be reached at 520.441.4771 and Lacey is at 520.326.3200. 04Wells is at 602.513.5141.
To learn more, see RED Comp #10346.