Lot sale in Arcadia neighborhood breaks record

By Angela Gonzales | Phoenix Business Journal

After paying a record-breaking $4.75 million for a 1.05-acre vacant lot in the Arcadia neighborhood of Phoenix back in 2022, a California investor turned around and sold it for $5.2 million.

The California investor, under an entity known as Mason 5 LLC bought the vacant parcel at 5226 E. Exeter Blvd., Phoenix, for $4.75 million in cash, from John and Elizabeth Lennon, in March 2022.

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