Rovey Family Farms Sells 747 Acres Of Farmland In Buckeye Arizona For $53 Million To Vanderwey Family
19300 West Yuma Road
$53,000,000
Building Size
—
Asset Type
Land
Closing
Nov 13, 2024
About this deal
AI
19300 West Yuma Road is a land parcel consisting of 747 acres located in Buckeye, Arizona. The property was sold for $53,000,000 as part of a transaction involving prime farmland.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $53,000,000
- Sale Date: 11/13/2024
- Market: Buckeye, AZ
- Acres: 747
- Seller: Rovey Family Farms
- Buyer: Vanderwey Family
- Broker: Dylan Sproul, Paul Borgesen & Royden Hudnall - Transwestern
Transwestern Real Estate Services facilitated this sale of land, with the Vanderwey Family acquiring the property as part of a strategic expansion. They have significant holdings in the local area, though no specific plans for the land have been disclosed at this time.
Players
Buckeye Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93