Sand & Gravel Quarries Sell for $1 Million

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June 5, 2013, two sand and gravel quarries, one in Pima County northwest of Harrison and Irvington in Tucson and the other in Pinal County at Florence-Coolidge Hwy (Hwy 287) and Nafziger Road in Coolidge, AZ an aggregate of 199 acres, sold for[mepr-show rules=”58038″]$1 million ($.12 PSF), or 8,674,103 sq. ft.

Both were actively being mined for sand and gravel at time of sale, but demand for the product has been slow since the recession and many sand and gravel pits have closed in the state.

The seller was ANB Sonora, LLC of Idaho Falls, ID an affiliate of Kingston Agronomy of Idaho. The buyer was SST Properties, LLC of Holladay, UT (Todd Timmons, managing member).

There was a private lender involved in the sale by the name of Blackwell for a loan amount of $958,313.

No other information was available.

Kingston Agronomy, the seller can be reached at (208) 522-2365.[/mepr-show]