PHOENIX, ARIZONA (April 19, 2024) – NAI Horizon facilitated the sale of 16.58 acres on Interstate 10 in Vado, New Mexico. This land sale is a priority acquisition for the buyer, a leading EV charging infrastructure provider, as part of the U.S. Department of Transportation’s Charging and Fueling Infrastructure (CFI) Grant program.
NAI Horizon Executive Vice President Lane Neville, Senior Associate Cole Neville in Phoenix, and NAI 1st Valley Principal Randy McMillan in Las Cruces, New Mexico, represented the seller, Willa Esslinger Farms, LLC, in the Vado land sale.
The property is located at the interchange of I-10 and Highway 227 in Vado, New Mexico, approximately halfway between Las Cruces, New Mexico, and El Paso, Texas.
“This land sale in Vado was part of two selected sites in Southern New Mexico, the other location is in Lordsburg, both serving as critical parts of the connected chain of recharging sites from Long Beach, California, to El Paso. The EV charging provider entered in a joint application with the New Mexico Department of Transportation (NMDOT) selected to receive $63.8 million total in federal funding for development of both New Mexico sites. To date this is one of the largest grant awards in the first round of the CFI funding initiative. These sites are intended for EV charging to a critical freight corridor,” Lane Neville said.
The EV charging station sites in development are each separated by approximately 150 miles, all on the I-10 corridor. The two New Mexico sites will bring 20 megawatts of power in phase one, allowing for nine heavy-duty truck pull-through stalls, which will support around 300 trucks daily. Ultimately, the two sites in Southern New Mexico will provide more than 40 megawatts of power for EV recharging, supporting 500 trucks daily.
The leading EV charging infrastructure provider initially announced in 2022 its intention to build this critical I-10 recharging infrastructure, focusing on high-powered charging centers for regional distribution and trucking fleets moving products from the Port of Long Beach, through California, and Arizona to El Paso serving the West Texas market.
The EV fleet charging provider also has seven stations under development and planning in California and two stations in Arizona (Goodyear and Tucson). The New Mexico Department of Transportation selected the EV provider as its project partner in this grant award to deliver the key infrastructure, creating a strong public-private venture to accelerate the transition to zero-emission transportation along the I-10 corridor to achieve net-zero emissions by 2050.
For additional information on remaining industrial, commercial and retail land sale opportunities on I-10 in Vado, New Mexico, contact Lane Neville at lane.neville@naihorizon.com.