Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 14.01 vacant acres located on E. Florence Boulevard (State Route 287), Casa Grande, Arizona. The City of Casa Grande is located about halfway between the City of Phoenix and City of Tucson on Interstate 10 in Pinal County. The City of Casa Grande is a fast growing community with more employers opting to set up their operations in the City due to affordability, skilled workforce and access to major highways such as I-10 and I-8. Businesses also have convenient access to railroad service for the delivery and shipment of goods. The property is conveniently located ± ¾ of mile west of to I-10 and ± 1 mile west of the Casa Grande Mall, which offers a variety of shopping and dining opportunities to residents and visitors. In the immediate area around the property there are also QSR and sit down restaurants, fitness centers, grocery stores, shops, drug stores and hotels. Currently, the ± 14.01 acre parcel is part of the Copper Sky Marketplace Planned Area Development (PAD), which was approved more than a decade ago and provided for 63.5 acres of mixed use retail development. Under the PAD, it was envisioned that a big box retail anchored center would be developed. Since the PAD’s approval the real estate market has evolved away from big box retail anchored centers and more to online shopping. A more practical development scenario would likely be a mixed use project with multifamily (15 to 20 DUs/acre) on the back portion of the site with retail and/office users utilizing the high profile visibility and traffic counts from E. Florence Boulevard. This property has ± 630 feet of frontage on E. Florence Boulevard. The site’s topography is flat, rectangle shaped and has access to City of Casa Grande water and sewer service lines. Buyer to verify all utility matters and capacity during due diligence period.