Walton Global, a real estate investment and land asset management company with $3.6 billion under management, has sold 92 acres of land in the city of Eloy, Ariz. The property is an industrial zoned project within a partially developed master plan called Sunshine Industrial.
“The City of Eloy has experienced rapid growth over the last few years as businesses flock to affordably priced locations to invest in and expand their businesses,” said Rob Nixon, senior VP of Arizona and Canada at Walton Global. “Businesses that take advantage of this prime real estate will benefit from being at the intersection of the state’s transportation infrastructure while bringing more jobs and an economic boost to the area.”
Sunshine Industrial is located in the center of the Phoenix-Tucson corridor, just south of the cities of Maricopa, Casa Grande and Coolidge at the junction between interstates 10 and 8, which respectively head west to Los Angeles and San Diego, California. The 92 acres is within 277 acres with a single 12-acre commercial pad. The property also holds federal approval as a Foreign-Trade Zone site.
The current partial development of the site includes water and sewer infrastructure and agreements to potentially tie into the Union Pacific Railroad. The multiple access points to key roadways make it an appropriate site to distribute freight to major markets by truck and train, and existing road creates the potential for hard corner commercial uses along Sunshine Boulevard.
“The main line of the Union Pacific Railroad connects the property to major ports and transfer points in Los Angeles and El Paso, Texas,” added Nixon. “It links 23 states, connects with Canada’s rail systems and is the only railroad serving six major destinations in Mexico.”
The sale of the land in Eloy continues to show Walton Global’s strength in identifying key markets within both commercial and residential sectors.