Joint venture buys Buckeye industrial parcel

By AZRE

Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic and value-add real estate investments, and Contour, a leading privately-held real estate and development company, announced today that they have acquired 54 acres of land in the city of Buckeye, Arizona, a submarket of Phoenix. The joint-venture partners will plan to develop the site for warehouse logistics uses.

The sales price for the land was $6,525,000.00, or $120,676.90 per acre, according to the commercial real estate tracking website Vizzda.

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