Westland Properties Group

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RSSRecently Closed Transactions

The View

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July 12, 2019 – The View Carefree Townhomes LLC, managed by Jim Shelly, purchased The View, a ±2.75 Acre infill property located near the intersection of Cave Creek Rd & Tom Darlington Dr in Downtown Carefree, Arizona.  The site is approved for 30 Townhomes.  The cash purchase price was $2,813,995 | $93,800/Approved Townhome Lot.  The Seller in this transaction was Carefree Residential, LLC, a subsidiary of Inca Capital.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Seven Desert Mountain

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June 21, 2019 – Family Development completed their initial takedown of 10 Developed Condominium Units at Seven Desert Mountain, the last undeveloped residential parcel within the Desert Mountain Master Plan, located at Cave Creek Rd & Pima Rd, Scottsdale, Arizona.  The purchase price was $3,240,000 | $324,000/Developed Condominium Unit. The Rolling Option purchase will consist of 45 total Condominium Units.  The Seller in this transaction was DM 19, LLC. Grant D. Helgeson & Don McCaul of the Westland Properties Group represented the Buyer in this transaction.
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Canyon Trails

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June 10, 2019 – NPC Canyon Trails I, LLC – an entity affiliated with Hancock Communities – purchased Canyon Trails, a ±22.2 Acre Build For Rent site at the Southwest corner of Cotton Ln & Van Buren St, Goodyear, Arizona.  The cash purchase price was $3,687,312 | $14,127/Unit.  The site is planned for 261 Single Family Rental Units | 11.8 DUA. The Sellers were Fullmer 155, LLLP, Browns Point Properties, LLC and Cotton & Citrus, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Buyer in this transaction.
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Cactus Glenn

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June 10, 2019 – AMH Development, LLC purchased 34 Platted & Engineered Lots | 60’ x 100’ | 4.2 DUA within Cactus Glenn, an ±8.07 Acre site located North of the Northwest Corner of 59th Ave & Cactus Rd, Glendale, Arizona.  The cash purchase price was $1,382,750 | $40,670/Platted & Engineered Lot.  The Seller in this transaction was Empire Residential Communities Fund II, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Laveen Gardens

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April 15, 2019 – Gehan  Homes of Arizona purchased Laveen Gardens, a ±10.4 Gross Acre site located South of the Southwest corner of 27th Ave & Southern Ave, Phoenix, Arizona.  The site is Platted & Engineered for 51 Lots | 45’ x 120’ | 4.9 DUA.  The cash purchase price was $835,000 | $16,372/P&E Lot.  The Seller in this transaction was Laveen Gardens, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Nauvoo Station

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January 3, 2019 – Newcastle Development purchased 28 Developed Lots | 100’ x 120’ within the Nauvoo Station Master Plan, located at Crismon Rd & Ocotillo Rd, Queen Creek, Arizona.  The cash purchase price was $2,632,000 | $94,000/Developed Lot.  The Seller in this transaction was Land Holding Investment Co, LLC, a Blandford Homes entity.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Reflection Bay

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October 12, 2018 – Mattamy Homes completed their initial lot takedown within the Reflection Bay gated community within the Estrella Master Plan, Elliot Rd & San Miguel Dr, Goodyear, Arizona.  This Rolling Option purchase will consist of 67 total Developed Lots | typical lot size: 55’ x 125’. Mattamy Homes is responsible for balance of remaining Subdivision Improvement costs. Mattamy Homes is scheduled to close escrow on the balance of the lots within 36 months.  The Seller in this transaction was TCC Estrella, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Villas at South Mountain

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October 10, 2018 –  Aspen Capital Investors, LLC, purchased the Villas at South Mountain site, located South and West of the Southwest corner of Central Ave & Dobbins Rd, Phoenix, Arizona. The cash purchase price was $600,000 | $24,000/Platted & Engineered Lot. The site consists of 25 Platted & Engineered Lots | 45’ x 110’ – 132’.  Juergen and Renade Hesels were the Sellers.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Buyer in this transaction.
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Priest & Warner

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July 27, 2018 – Hines Interests LP purchased a ±4 Acre parcel located North of the Northeast corner of Priest Dr & Warner Rd, Tempe, Arizona. The cash purchase price was $1,686,400 | $421,600/Acre.  The Seller in this transaction was The McRae Group.  Hines is planning a Mini-Warehouse / Rental Storage Facility on the property.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Seller in this transaction.
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Sunrise Mountain

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July 24, 2018 – The City of Peoria finalized the purchase of the Sunrise Mountain site located at 91st Ave & Happy Valley Rd, Peoria, Arizona. The City of Peoria is utilizing this site for Open Space / Preserve use and public enhancement.  The Seller in this transaction was Sunrise Mountain Development Partners LLC.  This final takedown was for $2,340,000.  The total cash purchase price was $8,970,000 and the site totals ±208 Net Acres.  The City of Peoria previously purchased ±85 Net Acres of this site in May, 2016. Grant D. Helgeson & Don McCaul of the Westland Properties Group represented the Seller in this transaction.
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Tierra Montana

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April 17, 2018 – Forestar (USA) Real Estate Group, Inc. / DR Horton Homes purchased the Tierra Montana project located at 51st Ave & Elliot Rd, Phoenix, Arizona.  The cash purchase price was $7,900,000 | $29,811/Platted & Engineered Lot.  The site consists of 265 Platted & Engineered Lots as follows:  124 Lots | 50’ x 115’, 94 Lots | 55’ x 115’ & 47 Lots | 60’ x 115’.  Land Holdings Investment Company LLC was the Seller.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Sincuidados

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January 12, 2018 – Cachet Homes completed their purchase of 15 Developed 1+ Acre Custom Lots within the Sincuidados gated Master Plan, located at Lone Mountain Rd & Pima Rd, Scottsdale, Arizona.  The purchase price was $3,360,500 | $224,033/Developed Custom Lot.  This sale represents the culmination of 3 takedowns for a total of 15 Lots.  The Seller was Wallace Desert Gardens.  Cachet Homes currently has sold two custom homes and two more custom homes under construction.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Bungalows at Bell

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December 18, 2017 – CSL Communities, LLC purchased 17 Developed Lots within the Bungalows at Bell subdivision, located at 28th St & Bell Rd, Phoenix, Arizona. 9 Lots measure 50’ x 60’ and 8 Lots are 50’ x 107’.  The cash purchase price was $935,000 | $55,000/Developed Lot.  The Seller in this transaction was Dunlap Center LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Countrywalk Estates

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November 16, 2017 – Palo Duro Homes, LLC purchased 33 Developed Lots | 85’ x 105’ within the Countrywalk Estates subdivision, located on Hwy 387 / Pinal Ave & Hopi Dr, Casa Grande, Arizona.  The cash purchase price was $792,000 | $24,000/Developed Lot. The Seller in this transaction was Landsmith Appreciation Fund, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Jomax & Lake Pleasant

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October 30, 2017 – IP Avanti Properties II, LLC purchased a ±6.31 Acre site North of the Northwest Corner of Jomax Rd & Lake Pleasant Pkwy, Peoria, Arizona.  The site is being planned for an Assisted Living Facility.  The cash purchase price was $2,200,080 | $8/sf.  The Seller in this transaction was Jolake, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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