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LAO Negotiates Rare Strategic Parcel at Stone Canyon Sells for Investment

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  • LAO Negotiates Rare Strategic Parcel at Stone Canyon Sells for Investment
4th Quarter Sales
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October 25, 2024
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Karen Schutte
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TUCSON, ARIZONA, (October 25, 2024) — WAA Stone Canyon, LLC (April Worden, CEO) closed on +/-70 Acres of mixed-use residential/resort land in Stone Canyon for $5,450,000. The parcel is strategically located along Tortolita Mountain Circle Road in the center of the project. The land will be held for investment.

Brown Worden Properties is the largest family-owned, woman-led self-storage owner in the Tucson metro market under the A Family Storage brand. The company is also involved in several mixed-use commercial, industrial, and multi-family developments in multiple markets. This purchase is the most recent in a series of strategic land investments in Tucson by Brown Worden over the past 36 months.

The property is part of the private, 1,400-acre Stone Canyon MPC and is located within the Rancho Vistoso community northwest of Tucson. The project is home to world-class golf and fitness facilities complemented by an array of Tucson’s highest-end custom and semi-custom homes.

Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction and will continue to manage the marketing assignment for the parcel.

White commented, “This is a fantastic property that fits the acquisition strategy very well. Properties like this are extremely rare in Tucson and Brown Worden is excellent at identifying them and executing/operating at a high level.”

For more information, White and Carroll should be reached at 520.514.7454.

Subscribers can learn more by referencing RED Comp #11532.

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