By AZRE | AZ Big Media (Photo via Pixabay)
The market for large acreage transitional/industrial property is alive and well in Western Maricopa County. Trey Champie with Headquarters West, Ltd. closed the sale of about 1,425 contiguous acres at Arlington Valley Farm on June 30th. The property is located about 12 miles west of downtown Buckeye. It is the largest farm in the Arlington Valley and in the Arlington Canal Company service area. The sale price of the land was $16,500,000, according to the commercial real estate tracking website Vizzda.
Located in the Phoenix Active Management Area, the Arlington Valley Farm has two large water rights each covering the farm’s irrigated acreage. It owns shares in the Arlington Canal Company (est. 1897) and has a grandfathered groundwater irrigation right. The property also has substantial drill delineated mineral reserves. All water and mineral rights were conveyed in the sale.
