20 acres in Opportunity Zone near Phoenix-Mesa Gateway Airport sold for $2.25 million

SVN Desert Commercial Advisors recently sold 20 acres in an Opportunity Zone across from Phoenix-Mesa Gateway Airport for $2.25 million.

The property is on Ellsworth and Germann roads, according to a release.

“With the expansion of ASU Polytechnic Campus and close proximity to the airport, there is a large amount of employment and new homes surrounding the site,” according to the release.

Rommie Mojahed

Rommie Mojahed, SVN Advisors director of retail leasing and sales investments, and Beau Flahart, senior advisor, represented the seller, Ellsworth 92 LLC in the transaction. The buyer was Abington Emerson Investments LLC, according to the release.

Beau Flahart

“The Opportunity-Zoned real estate is a massive ‘opportunity for investors and developers. The buyer felt the location was in a perfect position to build in a thriving area with so much planned development ahead,” Mr. Flahart said in the release.

“The groups that understand the incentives and take advantage of this are way ahead of the game,” he said.

SVN Desert Commercial Advisors is a full-service commercial real estate services firm. Go to SVNDesertCommercial.com.

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